ESCO Technologies is acquiring Megger Group Limited for $2.35 billion, funded by $0.9 billion in cash and $1.4 billion in ESCO equity. The acquisition is valued at approximately 14x projected 2026 EBITDA, including synergies. Megger is expected to generate approximately $590 million in revenue in 2026. ESCO reported preliminary Q2 2026 revenue of $309 million, GAAP EPS of $1.29, and Adjusted EPS of $1.91. The company expects to realize $60 million in cost synergies within three years of closing the acquisition.