Mergers & Acquisitions ·
ESCO completes $2.3B acquisition of Megger Group Limited, draws $1B on new credit facilities
ESEEsco Technologies Inc
ESCO Technologies Inc. completed its acquisition of Megger Group Limited on October 1, 2026, for approximately $2.3 billion in aggregate consideration consisting of $922 million in cash and 5.10 million shares of common stock. To fund the transaction and refinance existing debt, ESCO entered into a new credit agreement providing $500 million each in revolving credit and Term Loan A facilities, plus a $500 million Term Loan B facility, drawing approximately $1 billion on closing. Concurrently, the company terminated its previous credit agreement maturing in 2028. TBG AG received board representation via the appointment of Jeremy P. Abson as an independent director, with restrictions on share transfers and ownership limits outlined in a shareholder agreement. ESCO Technologies Inc. operates in the industrial technology sector, providing test, measurement, and diagnostic solutions.