M&A Deal Summary

ESCO Technologies Acquires Manta Test Systems

On March 14, 2018, ESCO Technologies acquired test/measurement equipment company Manta Test Systems

Acquisition Highlights
  • This is ESCO Technologies’ 7th transaction in the Test/Measurement Equipment sector.
  • This is ESCO Technologies’ 2nd transaction in Canada.
  • This is ESCO Technologies’ 1st transaction in Ontario.

M&A Deal Summary

Date 2018-03-14
Target Manta Test Systems
Sector Test/Measurement Equipment
Buyer(s) ESCO Technologies
Deal Type Add-on Acquisition

Target

Manta Test Systems

Mississauga, Ontario, Canada
Manta Test Systems, Inc. designs, develops, manufactures and markets a stand-alone integrated protection test system that simulates a utility's power system for testing asset protection and control schemes. The unique design of Manta's fully self-contained test set is that it does not require an additional computer nor separate application software to operate.

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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 15 of 17
Sector (Test/Measurement Equipment) 7 of 8
Type (Add-on Acquisition) 14 of 16
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 Vanguard Instruments

Ontario, California, United States

Vanguard Instruments Co. Inc. is a premier test equipment provider serving the global electric utility market. Vanguard's solutions are sold in over 90 countries to electrical utilities with generation and transmission assets and has annualized sales of approximately $14 million. Vanguard, founded in 1991, designs, develops and manufactures a comprehensive offering of innovative test equipment which enhances the ability of electric utilities to accurately measure the health of critical power transformers and circuit breakers.

Buy -
FOLLOWING 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