For transient electromagnetic meter home-made, there are some disadvantages, for example early signal detection is difficulty, and speed and accuracy of signal acquisition is no high. Therefore a high-performance TEM based on embedded PC is designed to overcome these disadvantages. And its main part is measurement and control system, which design is mainly introduced. The system consists of a transmitter and receiver modules, which hardware block diagram and schematic design are introduced in detail. Laboratory tests for the system developed show that the electromagnetic transmitter module has advantages of short off-time and high transmitting current detection accuracy; the electromagnetic receiver has advantage of high sampling speed, big dynamic range and achieving accurate measurement of early signal. Laboratory test results are satisfactory.