Megger Group ('Megger') and IPS Group (Intelligent Process Solutions/IPS) jointly announce that they have reached a definitive agreement to work together as strategic partners, combining both their experience and product lines, in order to create new value for the electrical supply industry. The agreement includes Megger taking an equity stake in IPS Group.
IPS Group ((Intelligent Process Solutions/IPS) is one of the globally renowned providers of Enterprise Asset Management (EAM), Asset Performance Management (APM), Network Model Management (NMM), Outage Management (OMS), Enterprise Protection Information (EPIS) and Mobile Software Solutions (WFM) for the electrical supply industry.
IPS Group ((Intelligent Process Solutions/IPS)
Gartner ranked IPS Group as the world’s highest-performing niche player for the execution of the Enterprise Asset Management (EAM) solutions.
IPS Group was founded by Dr. Zeljko Schreiner, in 2004. Since then, it has grown to become a major provider of APM data analytics to the electrical power industry, enabling electrical utilities to increase network reliability, while reducing both maintenance costs and customer minutes lost, as well as providing insight to Asset Investment Planning.
Megger - IPS Group partnership
The partnership with Megger extends the reach of IPS Group’s technical excellence
The partnership with Megger extends the reach of IPS Group’s technical excellence and brings improved market access, as well as new opportunities in commercial and strategic innovation. Megger will benefit from IPS Group’s data analytics capability, cyber security and digitalization expertise.
Against this background, both parties expressed their anticipation for future cooperation
Jim Fairbairn, the Chief Executive Officer (CEO) of Megger, stated “We are thrilled to announce our partnership with IPS and are excited about the opportunities of working together on a global basis. The Megger team has been very impressed with IPS and in particular, the quality of the team at IPS.”
Expanding electrical test and measurement portfolio
Jim Fairbairn adds, “This move is aligned to the Megger strategy of extending our leadership in electrical test and measurement, to include online condition monitoring equipment and services, and enabling Asset Performance Management critical data flow and related prescriptive insights to electrical power systems through advanced analytic capabilities.”
Dr. Zeljko Schreiner, the Founder and Chief Executive Officer (CEO) of IPS Group, commented “I’m very happy to have Megger as our strategic partner who will help us take the business to the next level. We have already identified many opportunities to work together to increase the value for our customers. The IPS Team is looking forward to co-operating with Megger over the coming years.”
