Ultralife Corporation to Acquire Electrochem Solutions, Inc.
Ultralife Corporation (ULBI)
US:NASDAQ Investor Relations:
investor.ultralifecorporation.com/investor-relations
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Source: GlobeNewswire
NEWARK, N.Y., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) has signed a stock purchase agreement to acquire all outstanding shares of Electrochem Solutions, Inc. (“Electrochem”) to include its state-of-the-art ISO certified technology and manufacturing facility for $50.0 million in cash from Integer Holdings Corporation (NYSE: ITGR), subject to customary working capital adjustments. The transaction is expected to close by the end of October. Ultralife expects to finance the transaction through its primary lender. Based in Raynham, MA and with over forty years of battery technology experience in critical applications, Electrochem designs and manufactures primary lithium metal and ultracapacitor cells and battery packs serving energy, military and various environmental, industrial and utility end markets on a global basis. For the trailing twelve-month period ended June 30, 2024, Electrochem recorded revenue of $34 million. The transaction is expected to be
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ULBI
Sec Filings
- 11/21/24 - Form 4
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 4
- ULBI's page on the SEC website