Graces Guide say Mercer closed in 1984. Seems they were primarily a high-end mechanical clock and chronometer maker, so making DTI's would have been easy for them. I guess they were put out of business by the arrival of cheap quartz timepieces.
Don't assume the instrument is still accurate today! It's performance depends on condition, not who made it, and it may be badly worn or damaged. At best it's been knocking around for 40 years, accidents happen, and old oil gums up. Can't be trusted for precision work without testing the calibration across the full range with gauge blocks. Don't fall for what its says on the dial, test it.
That said, it's an indicator, rather than a micrometer, and most of us don't do precision work. As indicators are mostly used as comparators, the calibration may not matter. A typical use is centring work in a 4-jaw. With the DTI in contact, the chuck is rotated and adjusted until the needle barely moves. In this common application a DTI doesn't have to be calibrated. Important though that the movement isn't sticky, remember condition matters!
A possible disadvantage is that a 0.0001" dial is rather sensitive for most work. On a poor surface, the needle will bounce dramatically over minor imperfections, whilst the DTI's ability to centre to within a tenth may not be matched by your chuck! For ordinary purposes a thou or 0.01mm instrument is 'good enough' and less fussy.
Dave