SALE OF DIAGNOSTIC SOLUTIONS IS A MEGGER DEAL

Diagnostic Solutions (“Diagsol”, “DSL”), which designs and develops low-cost condition monitoring or predictive maintenance (PdM) sensing systems, has been sold to Megger Group in a transaction overseen by Luke Rae, KBS Corporate Deal Executive.

Founded in 1998, Diagsol is a predictive maintenance specialist which has created its own niche in the food and beverage industry with its clients including some of the biggest soft drinks brands.

The company, headquartered in Rossett, between Chester and Wrexham, has established a strong reputation for vibration monitoring and analysis with its easy-to-use products that bring reliable fault detection.

KBS Corporate was instructed to orchestrate the sale of Diagsol to facilitate growth under the impetus of new ownership and shareholder retirement within two years.

After 38 parties came forward the first offer was accepted from Megger Group, whose investment into online measurements further increases Diagsol’s industry relevance for the future.

Established for 150 years and a market leader of electrical test equipment, Megger Group is a global company with factories located in the UK, USA, Germany and Sweden.

Megger was attracted to Diagsol by the opportunity to enter the wireless sensors market, carrying out condition monitoring via cloud services to identify potential faults such as worn bearings or misalignment in motors and generators.

The acquisition is expected to generate strong growth potential for Diagsol, particularly through market expansion.

“We are incredibly excited to bring DSL on board with the Rotating Machinery team, as DSL’s vibration expertise adds extensive capabilities to our motor and generator testing range,” said Damon Mount, Head of Business Development at Megger.

Luke Rae was supported in the sale of DiagSol by KBS colleagues Tamsin James, Senior Corporate Document Writer, and Hannah Stewart, Research Analyst.