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ESCO Announces Acquisition of Global Utility Supplier


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St. Louis, May 20, 2021 (GLOBE NEWSWIRE) ESCO Technologies Inc. (NYSE:ESE) today announced that it has entered into an agreement to acquire I.S.A Altanova Group S.R.L. (Altanova), a well-established, leading supplier in the field of advanced condition assessment technologies centered around partial discharge (PD) measurement and analysis, as well as test instruments for electrical apparatus (www.altanova-group.com). 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.
The transaction is subject to Italian regulatory approval and is expected to close in the next 45 days. ....

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