ARQIS advises Megger Group on acquisition of Power Diagnostix
Achen/ Düsseldorf — ARQIS has advised the UK-based Megger Group Limited, a global specialist in electrical test equipment, on the acquisition of the Aachen-based Power Diagnostix Group. The Power Diagnostix Group is a leader in the design and manufacture of high voltage diagnostic equipment and in the provision of diagnostic services for high voltage equipment. Both parties have agreed not to disclose the purchase price.
The acquisition significantly expands Megger’s repertoire, particularly in the area of partial discharge (PD) testing, where Megger can now offer diagnostic solutions for MV and HV electrical equipment, including transformers, bushings, generators, motors, switchgear and GIS/GIL equipment, all of which complement the company’s existing cable testing and diagnostic products.
The Power Diagnostix Group provides high quality diagnostic equipment, engineering services and online monitoring systems for high voltage applications. Founded in 1986 as DG Instruments GmbH, the group of companies has acquired a good reputation in the special field of measuring and monitoring equipment for high-voltage and pulse energy technology.
Megger develops and manufactures portable electrical test equipment. Its products help users install and improve the efficiency of their electrical equipment or that of their customers, and help reduce the lifecycle costs of equipment and extend its service life. The company’s products support customers around the world, helping them achieve the best return on investment with their electrical equipment, optimize energy efficiency and minimize downtime.
ARQIS acted for Megger for the first time. The team around partner Dr. Lars Laeger (photo) came to the mandate via a recommendation through a pitch.
Advisors to Megger: ARQIS Rechtsanwälte (Düsseldorf/Munich)
Dr. Lars Laeger (M&A, lead), Malte Griepenburg, Carolin Schlütter-Lückel, Nima Hanifi-Atashgah (all Corporate/M&A), Dr. Ulrich Lienhard (Real Estate), Marcus Nothhelfer, Dr. Philipp Maier (both IP & Commercial), Christian Wegener (Tax Law), Dr. Tobias Brors (Labor Law); Associates: Thi Kieu Chinh Nguyen (Labor Law), Jennifer Huschauer (Real Estate Law), Sina Janke (IP & Commercial)
Held Jaguttis (Cologne): Public Law
ARQIS is an independent business law firm operating in Germany and Japan. The firm was founded in 2006 at its current offices in Düsseldorf, Munich and Tokyo. Around 45 professionals advise domestic and foreign companies at the highest level on the core issues of German and Japanese business law. The focus is on M&A, corporate law, private equity, venture capital, employment law, private clients, intellectual property, litigation as well as real estate law and tax law.