EnerSys To Acquire Ultralife, Expanding Differentiated Battery Technologies and Accelerating Growth in Defense Market
EnerSys agreed to acquire Ultralife for $16.00 per share in cash, a 166% premium to Ultralife's unaffected October 26 close, implying an enterprise value of roughly $320 million. Ultralife supplies batteries and power systems for military communications and specialized applications with $191 million in fiscal 2025 revenue; the deal expands EnerSys' defense exposure into drones, counter-drone systems, munitions, and soldier power, and adds FEOC-compliant U.S. manufacturing capacity.
Key figures
- Deal Value Usd
- 320000000
- Funding
- cash on hand
- Expected close
- Q1 calendar 2027
- Synergy timeframe
- 18 months
- Offer price per share
- $16.00
- Target revenue fy2025
- 191000000
- Eps accretion timeline
- within ~18 months after closing, excluding transaction/integration costs
- Annual cost synergies range
- $15 million to $20 million
- Premium to unaffected close
- 166%
AI analysis
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