M&A Deal Summary

ESCO Technologies Acquires Altanova Group

On May 20, 2021, ESCO Technologies acquired test/measurement equipment company Altanova Group from ITAGO

Acquisition Highlights
  • This is ESCO Technologies’ 8th transaction in the Test/Measurement Equipment sector.
  • This is ESCO Technologies’ 1st transaction in Italy.

M&A Deal Summary

Date 2021-05-20
Target Altanova Group
Sector Test/Measurement Equipment
Buyer(s) ESCO Technologies
Sellers(s) ITAGO
Deal Type Add-on Acquisition

Target

Altanova Group

Taino, Italy
Altanova Group is a provider of advanced condition assessment technologies centered around partial discharge (PD) measurement and analysis, as well as test instruments for electrical apparatus. Altanova offers a wide range of diagnostic products, monitoring systems, and services for electrical assets related to power generation, transmission and distribution networks, renewable energy and storage, and process industries, worldwide. Altanova Group was founded in 1938 and is based in Taino, Italy.

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Buyer(S) 1

Buyer

ESCO Technologies

St. Louis, Missouri, United States

Category Company
Founded 1990
Sector Test/Measurement Equipment
Employees2,894
Revenue 956M USD (2023)
DESCRIPTION

ESCO Technologies is a proven supplier of special purpose utility solutions for electric, gas and water utilities, including hardware and software to support advanced metering applications and fully automated intelligent instrumentation. In addition, the Company provides engineered filtration products to the aviation, space, and process markets worldwide. ESCO Technologies was founded in 1990 and is Headquartered in St. Louis, Missouri.


DEAL STATS #
Overall 16 of 17
Sector (Test/Measurement Equipment) 8 of 8
Type (Add-on Acquisition) 15 of 16
Country (Italy) 1 of 1
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-02 ESCO Technologies - Technical Packaging Business

St. Louis, Missouri, United States

ESCO Technologies, Inc. - Technical Packaging Business consists of Thermoform Engineered Quality LLC (TEQ), Plastique Ltd. and Plastique sp. z o.o.

Sell $187M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-09 Phenix Technologies

Accident, Maryland, United States

Phenix Technologies is a designer and manufacturer of stationary and portable high voltage, high current, high power test systems and components and solutions supporting the electric industry, high voltage test laboratories, and field service organizations worldwide. Phenix Technologies was formed in 1989 and is based in Accident, Maryland.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

ITAGO is an independent private equity firm focused on acquiring and investing in small to mid-sized Italian companies with €10 to €100 million of revenue. The Firm seeks to invest businesses with niche products with a strong competitive advantage. Target investment situations include growth capital financings, shareholder liquidity needs, buyouts/buy-ins, and acquiring minority stakes in companies. ITAGO was formed in 2019 and has offices in Venice and Milan.


DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Italy) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 SR Mecatronic

Alto Reno Terme, Italy

SR Mecatronic produces satellite antennas, systems of stabilization, air conditioners, and home automation for campers and caravans and has reached important shares of the foreign markets (Europe and Australia). SR Mecatronic is based in Alto Reno Terme, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 Teknoice

Buccinasco, Italy

Teknoice is a manufacturer of systems to produce semi-industrial and industrial ice cream. The company offers a wide range of systems and machines to manufacture ice cream for every requirement and for every type of investment. It also offers consultancy services to new investors and entrepreneurs who decide to enter the world of ice cream, guaranteeing them with: high production flexibility, easy to use, excellent investment-production ratio, state-of-the-art technology, all in compliance with current European standards with regard to safety and hygiene. Teknoice is based in Buccinasco, Italy.

Buy -