St. Louis, October 1st ( GLOBE NEWSWIRE ) – ESCO Technologies Inc. (New York Stock Exchange ticker: ESE) announced today that it has completed the acquisition of the business of Megger Group Limited ( Megger ), which is part of TBG AG ( TBG ).

In accordance with the terms of the transaction, TBG has agreed to certain lock-up provisions regarding its holdings of ESCO common equity and possesses the right to nominate one seat on the board of directors for ESCO.

ESCO indicates that the acquisition of Megger will help the company achieve its long-term goal of expanding its leading position in high-growth end markets. Megger, a global leader in testing, monitoring, and data-driven solutions for utilities and critical power infrastructure, will be integrated into the company's Utility Solutions Group business segment.

According to ESCO, Megger has brought a highly recognized and differentiated product portfolio, with highly complementary capabilities, deep technical expertise, as well as strong customer and supplier relationships. The addition of Megger has expanded the scale and international coverage of ESCO's utility products, further strengthening the company's position as an important partner for global utility customers.

The company stated that the financial guidance and outlook for the fiscal year 2027, which includes the impact of this Megger acquisition, will be announced when the fourth-quarter results for the fiscal year 2026 are released in November.

ESCO is a global provider of highly engineered products and solutions for diverse end markets. The company manufactures filtration and fluid control products, advanced composite materials, as well as identification and power management solutions for customers in the aerospace, naval, space, and industrial sectors. ESCO is also a leader in the design and manufacture of RF testing and measurement products and systems, and provides diagnostic instruments, software, and services for industrial electricity customers, as well as the electric utility and renewable energy industries. ESCO is headquartered in St. Louis, Missouri, and has offices and manufacturing facilities around the world. For more information, please visit the company's website www.escotechnologies.com.

Kate Lowrey, Vice President of Investor Relations, (314) 213-7277