The Registrant, ESCO Technologies Inc. (ESCO), is a producer of engineered products
and systems sold to customers worldwide, primarily for utility, industrial, aerospace
and commercial applications. ESCO conducts its business through a number of wholly-owned
direct and indirect subsidiaries. ESCO and its subsidiaries are referred to in
this Report as “the Company.”
ESCO was incorporated in Missouri in August 1990 as a wholly owned subsidiary
of Emerson Electric Co. (Emerson) to be the indirect holding company for several
Emerson subsidiaries, which were primarily in the defense business. Ownership
of the Company was spun off by Emerson to its shareholders on October 19, 1990,
through a special distribution. Since that time, through a series of acquisitions
and divestitures, the Company has shifted its primary focus from defense contracting
to the production and supply of engineered products and systems marketed to
utility, industrial, aerospace and commercial users.
The Company’s fiscal year ends September 30. Throughout this document,
unless the context indicates otherwise, references to a year (for example 2017)
refer to the Company’s fiscal year ending on September 30 of that year.
Filtration/Fluid Flow (Filtration):
PTI Technologies Inc. (PTI)
VACCO Industries (VACCO)
Crissair, Inc. (Crissair)
Westland Technologies, Inc. (Westland)
Mayday Manufacturing Co. (Mayday)
Hi-Tech Metals, Inc. (Hi-Tech)
RF Shielding and Test (Test):
ETS-Lindgren Inc.
Except as the context otherwise indicates, the term “ETS-Lindgren”
as used herein includes ETS-Lindgren Inc. and the Company’s other Test
segment subsidiaries.
Utility Solutions Group (USG):
Doble Engineering Company
Morgan Schaffer Ltd. (Morgan Schaffer)
NRG Systems, Inc. (NRG)
Except as the context otherwise indicates, the term “Doble” as
used herein includes Doble Engineering Company and the Company’s USG subsidiaries
other than Morgan Schaffer and NRG.
Technical Packaging:
Thermoform Engineered Quality LLC (TEQ)
Plastique Limited
Plastique Sp. z o.o.
Plastique Limited and Plastique Sp. z o.o. are referred to together herein
as “Plastique.”
Filtration
PTI is a leading supplier of filtration and fluid control products serving
the commercial aerospace, military aerospace and various industrial markets.
Products include filter elements, manifolds, assemblies, modules, indicators
and other related components. All products must meet stringent qualification
requirements and withstand severe operating conditions. Product applications
include: hydraulic, fuel, cooling and air filtration systems for fixed wing
and rotary aircraft, mobile transportation and construction equipment, aircraft
engines and stationary plant equipment. PTI supplies products worldwide to OEMs
and the U.S. government under long term contracts, and to the commercial and
military aftermarket through distribution channels.
VACCO supplies filtration and fluid control products including valves, manifolds,
filters, regulators and various other components for use in the space, military
aerospace, defense missile systems, U.S. Navy and commercial industries. Applications
include aircraft fuel and de-icing systems, missiles, satellite propulsion systems,
satellite launch vehicles and other space transportation systems such as the
Space Launch System. VACCO also utilizes its multi-fab technology and capabilities
to produce products for use in space and U.S. Navy applications.
Crissair supplies a wide variety of custom and standard valves, actuators,
manifolds and other various components to the aerospace, defense, automotive
and commercial industries. Product applications include hydraulic, fuel and
air filtration systems for commercial and military fixed wing and rotary aircraft,
defense missile systems and commercial engines. Crissair supplies products worldwide
to OEMs and to the U.S. Government under long term contracts and to the commercial
aftermarket through distribution channels.
Westland is a leading designer and manufacturer of elastomeric-based signature
reduction solutions to enhance U.S. Navy maritime survivability. Westland’s
products include complex tiles and other shock and vibration dampening systems
that reduce passive acoustic signatures and/or modify signal (radar, infrared,
acoustical, sonar) emission and reflection to reduce or obscure a vessel’s
signature. Westland’s products are used on the majority of the U.S. Naval
fleet including submarines, surface ships and aircraft carriers.
Mayday is a manufacturer of mission-critical bushings, pins, sleeves and precision-tolerance
machined components for landing gear, rotor heads, engine mounts, flight controls,
and actuation systems for the aerospace and defense industry.
Hi-Tech is a full-service metal processor offering aerospace OEM’s and
Tier 1 suppliers a large portfolio of processing services including anodizing,
cadmium and zinc-nickel plating, organic coatings, non-destructive testing,
and heat treatment. Its portfolio includes over 100 OEM processing approvals.
Test
ETS-Lindgren designs and manufactures products to measure and contain magnetic,
electromagnetic and acoustic energy. It supplies customers with a broad range
of isolated environments and turnkey systems, including RF test facilities,
acoustic test enclosures, RF and magnetically shielded rooms, secure communication
facilities, RF measurement systems and broadcast and recording studios. Many
of these facilities include proprietary features such as shielded doors and
windows. ETS-Lindgren also provides the design, program management, installation
and integration services required to successfully complete these types of facilities.
ETS-Lindgren also supplies customers with a broad range of components including
RF absorptive materials, RF filters, active compensation systems, antennas,
antenna masts, turntables and electric and magnetic probes, RF test cells, proprietary
measurement software and other test accessories required to perform a variety
of tests. ETS-Lindgren offers a variety of services including calibration for
antennas and field probes, chamber certification, field surveys, customer training
and a variety of product tests. ETS-Lindgren’s test labs are accredited
by the following organizations: American Association for Laboratory Accreditation,
National Voluntary Laboratory Accreditation Program and CTIA-The Wireless Association
Accredited Test Lab. ETS-Lindgren serves the acoustics, medical, health and
safety, electronics, wireless communications, automotive and defense markets.
USG
Doble develops, manufactures, and delivers diagnostic testing solutions for
electrical equipment comprising the electric power grid, and enterprise management
systems, that are designed to optimize electrical power assets and system performance,
minimize risk and improve operations. It combines three core elements for customers
– diagnostic test and monitoring instruments, expert consulting, and testing
services – and provides access to its large reserve of related empirical
knowledge. Doble flagship solutions include protection diagnostics with the
Doble Protection Suite and F6000 series, the M4100 and new transformational
patent-pending technology of the M7100 Doble Tester, the dobleARMS® asset
risk management system, and the Enoserv PowerBase® and DUCe compliance tools
for the North American Electric Reliability Corporation Critical Infrastructure
Protection plan (NERC CIP), a set of requirements designed to secure the assets
required for operating North America’s bulk electric system. Doble has
seven offices in the United States and nine international offices.
Morgan Schaffer designs, develops, manufactures and markets an integrated offering
of dissolved gas analysis, oil testing, and data management solutions which
enhance the ability of electric utilities to accurately monitor the health of
critical power transformers.
NRG is the global market leader in the design and manufacture of decision support
tools for the renewable energy industry, primarily wind.
Technical Packaging
TEQ produces highly engineered thermoformed products and packaging materials
for medical, pharmaceutical, retail, food and electronic applications. Through
its alliance partner program, TEQ also provides its clients with a total packaging
solution including engineering services and testing, sealing equipment and tooling,
contract manufacturing, and packing.