Brief: Esco Announces Agreement To Acquire Megger Group Limited
15/04/2026 22:53
April 15 (Reuters) - ESCO Technologies Inc ESE.N: ESCO ANNOUNCES AGREEMENT TO ACQUIRE MEGGER GROUP LIMITED ESCO TECHNOLOGIES INC - TO BUY MEGGER FOR $2.35 BILLION INCLUDING $0.9 BILLION CASH AND $1.4 BILLION EQUITY ESCO TECHNOLOGIES INC - CASH PORTION OF MEGGER ACQUISITION TO BE FUNDED BY CASH AND INCREMENTAL DEBT ESCO TECHNOLOGIES INC - MEGGER ACQUISITION VALUED AT 14X PROJECTED 2026 EBITDA INCLUDING SYNERGIES ESCO TECHNOLOGIES INC - EXPECTS Q2 2026 REVENUE OF $309 MILLION, GAAP EPS $1.29, ADJUSTED EPS $1.91 ESCO TECHNOLOGIES INC - CO AND MEGGER EXPECTED TO REALIZE $60 MILLION COST SYNERGIES WITHIN THREE YEARS Source text: ID:nGNX3rSnlL Further company coverage: ESE.N ((Reuters.Briefs@thomsonreuters.com;))