Completed · United Kingdom · Industrial technology
ESCO acquires Megger.
ESCO Technologies, based in St. Louis, Missouri, completed its purchase of Megger Group, an England and Wales company that provides testing, monitoring and data solutions for utilities and electric infrastructure, from Swiss owner TBG AG on 1 October 2026. The agreement had been signed and announced on 15 April 2026. The deal completed on 1 October 2026.
Signing 15 April 2026 · Day 100 on 9 January 2027
- Buyer
- ESCO Technologies Inc. ·St. Louis, United States
- Target
- Megger Group Limited ·United Kingdom
- Type
- Acquisition
- Announced
- 15 April 2026
- Signed
- 15 April 2026
- Completed
- 1 October 2026
- Value
- about USD 2.3 billion
- People
- Not stated in the release
- Last checked
- 28 October 2026
The people side in the United Kingdom
- In a business transfer or service provision change, staff move to the buyer on their existing terms; a dismissal solely or mainly because of the transfer is unfair. Transfer of Undertakings (Protection of Employment) Regulations 2006, regulations 4 and 7
- Long enough before a TUPE transfer, the employer informs staff representatives and consults on any measures envisaged; failure can cost up to 13 weeks' pay per affected employee. Transfer of Undertakings (Protection of Employment) Regulations 2006, regulations 13 and 16
- Acas guidance says TUPE is not likely to apply to a transfer of shares only, as in a share deal. Acas: TUPE, advice for employers and employees
- Buying over 25% of an entity in one of 17 sensitive areas in the UK needs approval before completion, or the deal is void; the first review takes up to 30 working days. GOV.UK: Check if you need to tell the government about an acquisition that could harm the UK's national security (National Security and Investment Act 2021)
- A business that starts employing staff in the UK registers with HMRC as an employer before the first payday, and not more than 2 months before it starts paying people. GOV.UK: Register as an employer
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