EnerSys to acquire Ultralife for $16 per share in cash
ULBI•EnerSys agreed to acquire Ultralife for $16 per share in cash, valuing the transaction at approximately $320 million including debt. The offer is a 166% premium to Ultralife’s October 26, 2026, closing price.
1. Deal terms and timing
EnerSys will fund the purchase with cash on hand, and closing is expected in the first quarter of 2027. The deal is expected to generate $15 million to $20 million in annual run-rate cost synergies within 18 months and lift adjusted diluted earnings per share approximately 18 months after closing, excluding transaction, integration and other nonrecurring costs.
