ESCO Technologies Inc.

What ESCO Technologies Inc. does

ESCO Technologies Inc. (NYSE: ESE) is a St. Louis-headquartered holding company founded in 1989 that designs and manufactures highly-engineered products across three technology-driven segments: Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement. The Aerospace & Defense segment delivers hydraulic filtration systems, precision fluid control valves, machined components, shock and vibration dampening products, and signature management/power solutions for US and UK Navy submarines and surface ships through subsidiaries including Crissair, PTI Technologies, Mayday Manufacturing, Globe Composite Solutions, ESCO Maritime Solutions, and Westland Technologies. The Utility Solutions Group provides diagnostic instruments, protection testing, condition monitoring equipment, and engineering services for electric utilities and renewable energy project development through Doble Engineering, Morgan Schaffer, NRG Systems, Phenix Technologies, and the Altanova brands (ISA, Techimp), with Megger Group pending acquisition to create a unified electrical asset management platform. The RF Test & Measurement segment supplies electromagnetic shielding and test systems for R&D, regulatory compliance, medical shielding, EMP protection, and security applications via ETS-Lindgren and MPE Limited.

The company generates revenue predominantly through direct B2B sales of engineered hardware products to enterprise customers, with pricing ranging from unit-priced industrial tools (e.g., FLANGEHOG 110 at $7,495, COHOG at $14,995) to large quote-based defense and utility systems. A modest usage-based rental fleet exists for welding end preparation tools. Customers include Boeing, Lockheed Martin, Intel, TSMC, the US Navy, and the UK Royal Navy. ESCO employs over 3,400 people globally and reported FY2025 revenue of $1.1 billion (up 19.2% YoY) with adjusted EPS of $6.03, and is guiding to $1.29B-$1.33B for FY2026. Its business model is anchored in proprietary engineering, multi-year defense and utility certification cycles, and a sustained M&A strategy of acquiring and integrating niche specialty manufacturers while periodically divesting non-core assets (e.g., VACCO Industries to RBC Bearings for $275M in mid-2025).

Name

ESCO Technologies Inc.

Legal name

ESCO Technologies Inc.

Website

https://escotechnologies.com

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

ESCO Technologies designs and manufactures highly-engineered filtration, fluid control, RF shielding, and electrical diagnostic products across three segments—Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement—serving Boeing, Lockheed Martin, the US/UK Navy, Intel, TSMC, and electric utilities globally.

Ownership category

akta.pro rank

Product category

Aerospace & Defense Engineered Components and Systems

NAICS

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (334513), Analytical Laboratory Instrument Manufacturing (334516)

SIC

Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Industrial Instruments For Measurement, Display, And Control (3823), Instruments For Meas & Testing Of Electricity & Elec Signals (3825)

akta.pro primary industry

Submarine Combat Systems & Sonar Manufacturing (CMS, Sensors, EW) (IMAJAOAH)

akta.pro secondary industry

Submarine Weapons Launch & Handling Systems Manufacturing (Tubes, VLS, Racks) (IMAJAOAI)

Keywords

• Aerospace filtration systems
• Hydraulic fluid control
• RF shielding equipment
• Utility diagnostic monitoring
• Naval signature management

Headquarters

HQ city

St Louis

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Aerospace & Defense Products: Sales of highly-engineered hydraulic filtration systems, precision fluid control valves, machined components, specialized metal finishing, and shock/vibration dampening products for aerospace and defense applications. Also includes naval signature management and power solutions.
2. Utility Solutions Products & Services: Diagnostic measurement and monitoring equipment, expert consulting and laboratory testing services, and data analytics for electric utilities and renewable energy project development
3. RF Test & Measurement Products: Electromagnetic components and systems for measuring and controlling RF energy in various applications including R&D, compliance testing, and security
4. Tool Rental: Rental fleet of welding end preparation tools including MILLHOG products, available at $200 per week depending on configuration

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

ESCO Technologies designs and manufactures highly-engineered products and solutions across three segments: Aerospace & Defense (hydraulic filtration, precision fluid control valves, machined components, shock/vibration dampening tiles, magnetic signature management and power solutions for US/UK Navy submarines and surface ships); Utility Solutions Group (diagnostic instruments, protection testing, condition monitoring, dissolved gas analysis, partial discharge monitoring, atmospheric remote sensing for renewable energy); and RF Test & Measurement (electromagnetic shielding, RF chambers, EMC test systems). The portfolio is delivered through specialty subsidiaries serving mission-critical applications in commercial aerospace, defense, electric utilities, and industrial markets.

Product overview

ESCO Technologies Inc. is a global provider of highly-engineered products and solutions organized across three business segments: Aerospace & Defense (A&D), Utility Solutions Group (USG), and RF Test & Measurement. The A&D segment includes Crissair (check valves and fluid control components), ESCO Maritime Solutions (power solutions and magnetic signature management for naval platforms), Globe Composite Solutions (composite products), Mayday Manufacturing (precision machined parts), PTI Technologies (filtration systems), and Westland. The Utility Solutions Group includes Doble (diagnostic instruments and testing services), Morgan Schaffer, NRG Systems (wind and solar development tools), isa and Techimp (Altanova Group), and Phenix Technologies. The RF Test & Measurement segment includes ETS-Lindgren (electromagnetic measurement solutions) and MPE (UK-based RF components provider). The company's Esco Tool subsidiary produces specialized industrial tools including the COHOG split frame machine, FLANGEHOG 110 flange facing tool, and MILLHOG welding end preparation tools. The portfolio operates as a multi-segment platform serving aerospace, defense, electric utility, and industrial markets with proprietary, technology-driven products.

Differentiator

Problem solved

Functional benefit

Brands

• Crissair: Aerospace & Defense subsidiary providing check valves, miniature fluid control components, and complete manifold assemblies for military and commercial aircraft industries.
• Doble Engineering
• ETS-Lindgren
• Globe Composite Solutions
• Mayday Manufacturing
• NRG Systems
• PTI Technologies
• Westland Technologies
• ESCO Maritime Solutions
• Morgan Schaffer
• Phenix Technologies
• Techimp
• ISA
• MPE Limited
• Megger Group Limited

Products and services

• Crissair Check valves, miniature fluid control components, and complete manifold assemblies for military and commercial aircraft industries, with over 11,000 designs.
• ESCO Maritime Solutions Mission-critical specialized power solutions and class-leading magnetic signature management systems and services for US Navy/UK Royal Navy platforms and allied navies worldwide.
• Globe Composite Solutions Vertically integrated supplier of mission-critical composite-based products and solutions for navy, defense, and industrial customers.
• Mayday Manufacturing Leading build-to-print manufacturer of mission-critical bushings, pins, sleeves, and turned metal parts for the aerospace and defense industry.
• PTI Technologies Filtration systems for commercial transport, helicopter, military, corporate aviation, and industrial markets, including solutions for hydraulics, flight controls, electronics, engines, fuel, coolant, pneumatic and lubrication systems.
• Westland Technologies Provides highly-engineered products and specialized components and technical services for aerospace and defense applications.
• Doble Diagnostic instruments, services, and the world's premier library of statistically significant apparatus test results for energy generation and delivery companies and industrial power users worldwide.
• Morgan Schaffer Diagnostic and monitoring solutions, including dissolved gas analysis and monitoring for power transformers, for electric utilities.
• NRG Systems Atmospheric remote sensing tools and solutions supporting multiple stages of wind and solar energy project development.
• Altanova Group (ISA & Techimp) Cable fault location (ISA) and partial discharge monitoring and diagnostics (Techimp) for electrical infrastructure, sold through the Altanova Group brand.
• Phenix Technologies High voltage testing equipment and related services for electric utility equipment.
• ETS-Lindgren Industry leader in RF shielding and test solutions for the detection, measurement, and management of electromagnetic, magnetic, and acoustic energy.
• MPE UK-based provider of electromagnetic components and systems for RF test and measurement applications.
• Ultra PMES / Signature Management & Power Signature Management & Power (SM&P) solutions for US & UK Navy submarines and surface ships, including Measurement Systems, EMS Development Corporation, and DNE Technologies.
• COHOG Split Frame Machine Clamshell split frame machine with modular tooling system for parting and beveling operations on pipe from 2" to 48" diameter.
• FLANGEHOG 110 Manually operated flange facing tool for re-facing RF and FF flanges on site or in fabrication and repair shops, with 0.005" alignment accuracy.
• MILLHOG Boiler Tube End-Preparation Tools Rental fleet of welding end preparation tools for boiler tube fabrication and repairs, covering tube sizes from 0.450 inches I.D. to 6.625 inches O.D.

Quantifiable outcome

• Record backlog of $1.4 billion providing strong forward visibility
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• Doble EngineeringcoreStrategic or Co-development Partner · 20 April 2026Doble Engineering and Megger announced a strategic merger under ESCO Technologies, combining Megger's portable offline test equipment and field instrumentation with Doble's substation testing, condition monitoring, diagnostics, and engineering services capabilities to create a unified electrical asset management platform.
• Megger Group LimitedcoreStrategic or Co-development Partner · 15 April 2026ESCO Technologies agreed to acquire Megger Group Limited from TBG AG for $2.35 billion ($900M cash + ~$1.4B ESCO equity). The acquisition combines Megger with Doble Engineering within ESCO's Utility Solutions Group to create a unified platform for electrical asset management. Expected to generate $590M in revenue in 2026 with $60M in cost synergies within 3 years.
• Ultra Electronics Holdings LimitedcoreStrategic or Co-development Partner · 28 April 2025ESCO Technologies completed acquisition of Ultra PMES Limited, Measurement Systems, Inc., EMS Development Corporation, and DNE Technologies, Inc. from Ultra Electronics Holdings Limited for approximately $550 million in cash. The acquisition includes the Signature Management & Power (SM&P) business strengthening ESCO's naval defense position.
• MPE LimitedcoreStrategic or Co-development Partner · 16 November 2023ESCO Technologies acquired UK-based MPE Ltd. for $56.2 million. MPE is part of ESCO's RF Test & Measurement segment, enhancing the company's capabilities in electromagnetic compatibility testing.
• Mayday ManufacturingcoreStrategic or Co-development Partner · 1 January 2016Mayday Manufacturing, founded in 1966 in Dallas, Texas, was acquired by ESCO Technologies in 2016. Part of the Aerospace & Defense Division, it produces precision aircraft parts certified under international quality standards for the aerospace industry.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• HEICO Corporation: HEICO operates through two segments supplying proprietary FAA-approved aerospace and defense replacement parts and electronic technologies. Closely parallels ESCO's Aerospace & Defense segment strategy of acquiring and operating niche, highly-engineered component businesses serving defense primes and commercial aerospace.
• Keysight Technologies: Keysight is a global leader in electronic measurement and RF test & measurement instrumentation. Directly competes with ESCO's ETS-Lindgren and MPE subsidiaries in EMC testing, RF shielding, and electromagnetic measurement solutions.
• RBC Bearings: RBC Bearings manufactures engineered precision bearings and components for aerospace, defense, and industrial markets, and acquired VACCO Industries from ESCO in 2025. Operates a comparable niche-roll-up model of proprietary industrial and aerospace components.
• TransDigm Group: TransDigm designs and manufactures proprietary aerospace components and subsystems with mission-critical, sole-source content on aircraft platforms. Highly comparable to ESCO's filtration, fluid control, and machined components franchises, with similar proprietary moats and aftermarket economics.
• Woodward, Inc. Woodward designs and manufactures energy control and optimization solutions for aerospace and industrial markets. Comparable to ESCO's aerospace control and fluid management products serving OEM and aftermarket customers.
• Curtiss-Wright Corporation: Curtiss-Wright provides engineered products, systems, and services for defense, commercial and industrial markets, including naval reactor shielding and submarine components. Directly comparable to ESCO's naval signature management and power solutions portfolio, and overlaps in defense electronics.
• Moog Inc. Moog designs and manufactures precision motion control products and systems for aerospace, defense, and industrial markets. Comparable to ESCO's precision fluid control valves, manifold assemblies, and engineered subsystems business serving military and commercial aerospace.

Broad incumbents

• Rohde & Schwarz: Rohde & Schwarz is a privately held global supplier of test and measurement, broadcasting, and secure communications equipment. Directly competes with ETS-Lindgren in EMC/RF test solutions but operates as a much broader, diversified electronics firm.
• Hubbell Incorporated: Hubbell is a broad manufacturer of electrical products and utility solutions for the construction, industrial, and utility markets. Adjacent to ESCO's Utility Solutions Group but operates at much larger scale across many more product lines.

Emerging players

• Powell Industries: Powell Industries designs and manufactures custom-engineered electrical equipment and services for utilities and industrial markets. Partial overlap with ESCO's Utility Solutions Group, particularly Phenix Technologies' high voltage testing equipment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/esco-technologies

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries20 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A16 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ESCO Technologies Inc.