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Doble Engineering and Megger Unite to shape the future of electrical asset management. GlobeNewswire | Megger Today at 9:30am PDT Dover, KENT, April 16, 2026 (GLOBE NEWSWIRE) - Two of the most respected brands in the electrical industry, Doble Engineering and Megger, have announced their strategic merger under the umbrella of ESCO Technologies Inc. Together, these brands bring an unrivalled reputation of innovation, expertise, and trust by their customers to deliver a unified platform for holistic electrical asset management on a global scale. The agreement is subject to regulatory approval and is expected to close within the next six to nine months. Doble Engineering and Megger Unite This merger represents the integration of extensive and complementary portfolios and capabilities combining advanced offline test equipment and data, continuous online monitoring, and engineering analytics. The new entity creates a cohesive ecosystem that offers a single source of truth for predictive, condition-based maintenance, setting new benchmarks for operational resilience. By uniting their diverse strengths, the merged organisation delivers true end-to-end asset lifecycle visibility. Megger's long-standing focus on portable offline test equipment and multi-asset field instrumentation, supporting everything from factory acceptance testing to periodic maintenance as well as its acclaimed Asset Lifecycle Management Software Platform, opens up opportunities to connect with Doble's leading offerings in substation testing, condition monitoring, diagnostics, laboratory analytics, and engineering services. Customers will benefit from this unified approach, gaining access to a comprehensive suite that transforms fragmented data points into actionable insights. Asset owners will realise both enhanced investment planning and significant risk reduction as improved asset health indicators drive more reliable, efficient operations and mitigate unplanned outages across their networks. The combined company's monitoring and analytics solutions are engineered to go beyond current industry standards. A heightened focus on safety and operational excellence ensures teams and infrastructure remain protected through early warning systems and proactive strategies. About Doble Beavertonvalleytimes envision a future where every electrical power system is safe, secure and reliable. Its mission is to equip electrical power system asset owners and operators with the means, knowledge, and insights to meet the increasing demands of this rapidly changing world. That's why Doble is the world's most trusted brand in electrical diagnostics. Beavertonvalleytimes provide energy system engineers with the tools, insights, and confidence to anticipate and overcome tomorrow's power demands today. Doble is part of the Utility Solutions Group of ESCO Technologies Inc. (NYSE: ESE). About Megger Megger is a global leader in delivering precise solutions designed to safeguard the safety, reliability, and efficiency of power and water networks. Through advanced testing, monitoring, software, and expert support, Megger enables customers to protect critical infrastructure and deliver reliable energy to communities and businesses worldwide. Driven by a commitment to collaboration, consistency, confidence, customer relevance, and creativity, Megger exceeds international safety standards, ensures consistent long-term reliability, and turns complex data into actionable insights. Serving industries such as utilities, renewables, transportation, data centres, and OEMs, Megger addresses requirements for compliance, asset health, and operational resilience. Press Inquiries Amanda Kinbrum amanda [at] freshb2b.co.uk This is a paid placement. For further inquiries, please contact GlobeNewswire directly.

Esco Technologies has agreed to acquire TBG's Megger Group in a $2.35 billion cash-and-stock deal. The transaction comprises $1.4 billion in stock and approximately $900 million in cash, partially funded through incremental debt. Megger, which provides testing, monitoring and data solutions for utilities and infrastructure companies, will join Esco's Utility Solution Group segment. The company is expected to generate around $590 million in revenue this year. The purchase price represents roughly 14 times Megger's projected 2026 earnings before interest, taxes, amortisation and depreciation, including synergies. Esco anticipates approximately $60 million in cost synergies within three years of closing. Under the deal terms, TBG will receive nomination rights for one board seat at Esco and agreed to certain lock-up provisions regarding its stake.

Cumulus has launched connected insulation resistance testing on its AI and Bluetooth platform, beginning with integration of Megger electrical testing tools. The system automatically transfers test results from BLE-enabled Megger devices directly to the Cumulus platform, eliminating manual documentation and reducing completion time by 50%. The platform captures voltage, duration, technician details, timestamps and pass/fail status in real time, with workflows defined in advance and pushed to field tablets. Failed tests are flagged automatically and commissioning reports generate themselves. Founded in 2018, Cumulus combines AI and Bluetooth technology to modernise construction processes. The company has implemented its platform across more than three gigawatts of data centre, construction and energy projects. Additional BLE-enabled tool integrations are planned as the category develops.