Megger and IPS Group announce strategic partnership

Megger Group and IPS Group have announced that they have reached a definitive agreement to work together as strategic partners, combining both their experience and product lines to create new value for the electrical supply industry. The agreement includes Megger taking an equity stake in IPS.

IPS is one of the leading 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. Gartner ranked IPS as ‘the world’s highest-performing Niche Player for the execution of the Enterprise Asset Management.

IPS was founded by Dr Zeljko Schreiner in 2004. Since then, it has grown to be a leading 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.

The partnership with Megger extends the reach of IPS’s technical excellence and brings improved market access as well as new opportunities in commercial and strategic innovation. Megger will benefit from IPS’s data analytics capability, cyber security and digitalization expertise.


Megger and IPS announce strategic partnership. Image courtesy of Megger Group.

*Image courtesy of Megger Group


Against this background, both parties expressed their anticipation for future cooperation:

Jim Fairbairn, 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. 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, Founder and CEO of IPS, 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”.

Source: Megger and IPS Group announce strategic partnership

*This is a free press release. Upgraded press releases are ad-free!

Waymo self driving cars clog up San Francisco cul-de-sac

Residents of a cul-de-sac in San Francisco say their neighbourhood is regularly playing host to a gathering of Waymo self driving cars and they don’t know why.According to local news station KPIX, the self driving cars have been driving up and down the “dead-end” street at all hours of the day “for weeks”, with no…

Read Press Release

SB 9 Rezoning Could Impact High Fire Risk Areas: Firefighter

With a significant number of destructive wildfires affecting California in recent years, some residents are questioning the potential effect of new legislation aimed at increasing density in the state’s single-family zoned neighborhoods. Senate Bill 9 (SB 9), recently signed by the governor, appears to exclude very high fire hazard severity zones. However, Livable California claims that SB…

Read Press Release

Bank of Japan confirms central bank digital currency trial

CBDC trial has commenced by the Bank of JapanThe trial includes three stages, among which two phases are for Proof-of-ConceptThe bank revealed that the first phase will last for a year until March 2022CBDC or central bank digital currency has become something that almost every central bank is looking into. People’s Bank of China (PBoC)…

Read Press Release

Megger and IPS Group announce strategic partnership - Click To Share

Share on facebook
Share on twitter
Share on reddit
Share on linkedin
Share on email
Share on whatsapp