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Stock Market & Financial Investment News

News Breaks
March 28, 2014
12:04 EDTESEESCO Technologies says sale of Aclara generated approximately $150M cash
ESCO Technologies announced that it has completed the previously announced sale of Aclara Technologies to an affiliate of Sun Capital Partners. The divestiture generated approximately $150M of gross cash proceeds that will be applied to pay down a significant portion of the company's outstanding debt under its revolving credit facility. The agreement is also subject to normal post-closing working capital adjustments. The company has over $600M of available liquidity under its existing credit facility to support its strategy of profitable organic growth, accretive acquisitions around its existing core businesses, and opportunistic repurchases of outstanding shares.
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January 28, 2015
15:49 EDTESEESCO Technologies unit to acquire assets of ENOSERV
Doble Engineering Company, a subsidiary of ESCO Technologies, announced that it has acquired the assets of ENOSERV LLC. The acquisition positions Doble to more comprehensively meet the testing needs of electric power organizations facing changing regulatory, business and industry environments. The ENOSERV division of Doble and the existing business of Doble will maintain their respective core offerings and ENOSERV's vendor agnostic nature will remain intact. Doble's product offerings will expand to new users as ENOSERV's solutions, including its RTS and PowerBase software, are a natural complement to Doble's existing suite of protection software and hardware solutions, including Protection Suite and the F-Series diagnostic test instruments. These comprehensive offerings will give customers the appropriate resources to facilitate compliance with new regulatory standards at all stages of adoption.

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