---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-113300"
form_type: "8-K"
ticker: "ESE"
cik: "0000866706"
company_name: "ESCO TECHNOLOGIES INC"
filed_at: "2026-10-02T20:15:55+00:00"
generated_at: "2026-10-12T14:37:27.186954+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# ESCO closes $2.3B Megger acquisition, enters $1.5B credit facilities, elects Abson to board

## Summary
- ESCO Technologies completed its purchase of Megger Group Limited from TBG AG on Oct. 1, 2026 for about $2.3 billion: $922 million cash and 5.10 million ESE shares.
- The New Credit Agreement provides a $500 million revolver, $500 million Term Loan A and $500 million Term Loan B; ESCO borrowed about $1.0 billion to fund the deal and refinance debt.
- The Existing Credit Agreement terminated on the closing; it had been scheduled to mature Aug. 30, 2028. New revolver/Term Loan A mature Oct. 1, 2031; Term Loan B matures Oct. 1, 2033.
- The board expanded from eight to nine members and elected Jeremy P. Abson as an independent Class III director; Mr. Khilnani was reclassified from Class III to Class I.
- TBG's Shareholder Agreement gives it a board designee while it holds at least 50% of the consideration shares, imposes a 12-month transfer restriction and a 24.5% standstill cap.

## SEC filing metadata
- accession: 0001104659-26-113300
- form_type: 8-K
- ticker: ESE
- cik: 0000866706
- company_name: ESCO TECHNOLOGIES INC
- filed_at: 2026-10-02T20:15:55+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 1.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866706/000110465926113300/0001104659-26-113300-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866706/000110465926113300/tm2626186d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-113300
- JSON: https://secwatch.observer/filing/0001104659-26-113300.json
- Plain text: https://secwatch.observer/filing/0001104659-26-113300.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.