Add-on Acquisition • Electrical Equipment

ESCO Technologies Acquires Phenix Technologies

On August 9, 2021, ESCO Technologies acquired electrical equipment company Phenix Technologies

Acquisition Context
  • This is ESCO Technologies’ 1st transaction in the Electrical Equipment sector.
  • This is ESCO Technologies’ 11th transaction in the United States.
  • This is ESCO Technologies’ 1st transaction in Maryland.

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M&A Deal Summary

Date August 9, 2021
Target Phenix Technologies
Sector Electrical Equipment
Buyer(s) ESCO Technologies
Deal Type Add-on Acquisition

Target Company

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.
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Buyer Overview 1

Buyer

ESCO Technologies

St. Louis, Missouri, United States

Category Company
Founded 1990
Sector Test/Measurement Equipment
Employees3,242
Revenue 1.0B USD (2024)
DESCRIPTION

ESCO Technologies is a 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. ESCO Technologies was founded in 1990 and is Headquartered in St. Louis, Missouri.


Deal Context for Buyer #
Overall 17 of 17
Sector: Electrical Equipment 1 of 1
Type: Add-on Acquisition 16 of 16
State: Maryland 1 of 1
Country: United States 11 of 11
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 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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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-15 Xtensible

Orlando, Florida, United States

Xtensible is a provider of semantic-based information management and integration solutions to the utility industry worldwide. Xtensible was founded in 2003 and is based in Orlando, Florida.

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