EnerSys agrees to acquire Ultralife for $320 million
ULBI•EnerSys will acquire Ultralife for approximately $320 million in cash, including assumed net debt. The $16-per-share offer represents a 166% premium to Ultralife’s October 26, 2026, closing price, with closing expected in the first quarter of 2027.
1. Deal terms
EnerSys will fund the purchase with cash on hand. Completion requires a majority of Ultralife’s outstanding common shares to be tendered, after which the shares will cease trading publicly.
2. Portfolio expansion
The acquisition will expand EnerSys’ defense power portfolio, adding battery technologies and manufacturing capacity.
