Announced
Completed
Synopsis
Megger, an electrical test equipment manufacturer, completed the acquisition of the Diagnostic Laboratory business and InsuLogix monitoring product line of Weidmann, an integrated solutions provider for specialized products and services in the energy sector. Financial terms were not disclosed. "Bringing to Megger the people with the laboratory expertise gives us access to a large amount of valuable oil analysis data. In the future, working together with our strategic software partners IPS to develop advanced data analytics software, Megger will provide customers with valuable insight on their specific transformer(s) based on the learnings from this vast data set," Megger.
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