ESCO Completes Acquisition of SM&P

Quick Summary:

Louis, April 28, 2025 (GLOBE NEWSWIRE) -- ESCO Technologies Inc.(NYSE: ESE) today announced that it has completed the acquisition of the Signature Management & Power (SM&P) business of Ultra Maritime for a purchase price of $550 million in cash.

Power Management provides innovative and highly-engineered motors that drive critical ship propulsion systems with an ultra-quiet design ensuring low vibration levels to increase stealth capabilities.     This acquisition supports ESCO’s long-term objective of expanding our leadership positions in our high-growth end-markets.

SM&P is an established, long-standing provider of mission-critical signature and power management solutions for the US and UK naval defense markets.

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Article Details

Author / Journalist: ESCO Technologies Inc.

Category: Technology

Markets: China

Topics: NYSE:ESE US2963151046

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-28 @ 12:30:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 361 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 28249457

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