{"id":45100,"date":"2024-10-07T07:54:51","date_gmt":"2024-10-07T07:54:51","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=45100"},"modified":"2024-10-30T07:57:06","modified_gmt":"2024-10-30T07:57:06","slug":"arqis-advises-megger-on-the-acquisition-of-a-majority-stake-in-ips-group","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/arqis-advises-megger-on-the-acquisition-of-a-majority-stake-in-ips-group\/","title":{"rendered":"ARQIS advises Megger on the acquisition of a majority stake in IPS Group"},"content":{"rendered":"<p><strong>ARQIS has advised Megger Group on the acquisition of a majority stake in IPS Group.<\/strong><!--more--><\/p>\n<p>Megger has increased its shareholding in IPS Group to a majority stake, allowing the company to transition into data analytics and asset performance management for electrical utilities. Megger, established in 1895, offers electrical testing and measuring equipment as well as electrical monitoring solutions, serving the Electrical Supply Industry. The IPS Group is a global software company with specialized solutions for energy supply companies, addressing Asset Performance Management.<\/p>\n<p>The acquisition of IPS Group follows Megger\u2019s initial investment in a minority stake of the firm in 2021 and aims to deepen the integration between the two companies. Dr. Andrew Dodds, joint CEO of Megger Group, commented, \u201cUtilities and network operators face unprecedented\u00a0challenges from integrating renewable energy sources, coupled with intensifying pressure on budgets and network reliability. We\u2019re combining our legacy of precision measurement and safety with IPS\u2019s cutting-edge software capabilities to offer comprehensive\u00a0solutions to meet these modern challenges.\u201d<\/p>\n<p>The ARQIS team led by Dr. Lars Laeger has regularly advised Megger on M&amp;A transactions in the past, including Megger\u2019s acquisition of the Power Diagnostix Group in 2019 and the initial investment in IPS Group in 2021.<\/p>\n<p>Advisors to Megger<br \/>\n<strong>ARQIS <\/strong>(D\u00fcsseldorf): Dr. Lars Laeger (M&amp;A, Lead), Thomas Chwalek (M&amp;A), Johannes Landry (Commercial); Counsel: Dennis Reisich (Tax); Associates: Katrin Ludwig, Giulia K\u00f6gel (both M&amp;A)<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-45100","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/45100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=45100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}