April 15 (Reuters) - ESCO Technologies Inc ( ESE ):
* ESCO ANNOUNCES AGREEMENT TO ACQUIRE MEGGER GROUP LIMITED
* ESCO TECHNOLOGIES INC ( ESE ) - TO BUY MEGGER FOR $2.35 BILLION
INCLUDING $0.9 BILLION CASH AND $1.4 BILLION EQUITY
* ESCO TECHNOLOGIES INC ( ESE ) - CASH PORTION OF MEGGER ACQUISITION
TO BE FUNDED BY CASH AND INCREMENTAL DEBT
* ESCO TECHNOLOGIES INC ( ESE ) - MEGGER ACQUISITION VALUED AT 14X
PROJECTED 2026 EBITDA INCLUDING SYNERGIES
* ESCO TECHNOLOGIES INC ( ESE ) - EXPECTS Q2 2026 REVENUE OF $309
MILLION, GAAP EPS $1.29, ADJUSTED EPS $1.91
* ESCO TECHNOLOGIES INC ( ESE ) - CO AND MEGGER EXPECTED TO REALIZE
$60 MILLION COST SYNERGIES WITHIN THREE YEARS
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