Ultralife Corporation to acquire Electrochem Solutions, Inc. for $50 million to expand battery technology portfolio
Acquiring Company
Ultralife
Acquired Company
Electrochem Solutions
City Of RochesterMassachusettsManufacturingEnergyRenewable EnergyEnergyRenewable EnergyDescription
Ultralife Corporation (NASDAQ: ULBI) has entered into a definitive agreement to purchase all outstanding shares of Electrochem Solutions, Inc. from Integer Holdings Corporation (NYSE: NYSE:) for $50 million in cash. With the acquisition of Electrochem, Ultralife anticipates the expansion of its battery technology portfolio, leveraging scale, and manufacturing cost efficiencies.
Quick answer
Ultralife is acquiring Electrochem Solutions for $50 million, announced September 30, 2024. Ultralife is based in City Of Rochester, New York, United States.
- How much did Ultralife pay for Electrochem Solutions?
- The reported deal value is $50 million.
- What does Ultralife do?
- Ultralife Corp is a provider of communication systems and power solutions.
- Where are Ultralife and Electrochem Solutions based?
- Ultralife is based in City Of Rochester, New York, United States. Electrochem Solutions is based in Massachusetts, United States.
- Who are the decision-makers at Ultralife?
- Fundz holds 5 contacts at Ultralife. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Ultralife Corporation completes acquisition of Electrochem Solutions, Inc. to advance business strategy (November 1, 2024)
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Frequently asked
Who acquired Electrochem Solutions?
Electrochem Solutions was acquired by Ultralife, based in City Of Rochester. The deal was reported on September 30, 2024. Ultralife Corp is a provider of communication systems and power solutions. Ultralife is publicly traded (ULBI) and operates in Manufacturing.
When did Ultralife acquire Electrochem Solutions?
Ultralife's acquisition of Electrochem Solutions was reported on September 30, 2024. Ultralife Corporation (NASDAQ: ULBI) has entered into a definitive agreement to purchase all outstanding shares of Electrochem Solutions, Inc. from Integer Holdings Corporation (NYSE: NYSE:) for $50 million in cash. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Electrochem Solutions do?
Electrochem, based in Raynham, MA, brings over four decades of experience in battery technology, serving sectors such as energy, military, and various industrial markets globally. It is privately held, operating in Energy, and is based in Massachusetts.
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