Ultralife Corp., a power solutions company headquartered in Newark, has completed its $50 million acquisition of Electrochem Solutions, Inc., a Massachusetts-based battery manufacturer. Ultralife acquired all outstanding shares from Electrochem’s former parent company, Integer Holdings Corp., in an all-cash transaction, marking a significant expansion in Ultralife’s reach into the energy and defense markets.
Ultralife President and CEO Mike Manna expressed enthusiasm for the acquisition, highlighting Electrochem’s alignment with Ultralife’s core values and commitment to quality. “I am thrilled to welcome Electrochem to the growing Ultralife team as another valued member that shares our core values and strong commitment to both our associates and our long-standing customers,” Manna said.
Manna also noted that Ultralife will collaborate with Electrochem’s leadership on integration efforts, focusing on scaling operations and improving manufacturing efficiencies. “Together, we will advance our strategy of fully realizing the operating leverage of our business model while creating highly attractive opportunities to drive revenue growth,” Manna stated. He added that the acquisition would enhance Ultralife’s competitive position by expanding cross-selling opportunities and reaching adjacent markets demanding reliable and safe power solutions.
Founded in Raynham, Massachusetts, Electrochem Solutions has over four decades of experience designing and manufacturing primary lithium metal batteries and ultracapacitor cells. Serving industries from energy to military, environmental, and industrial sectors, Electrochem brings a broad portfolio and specialized expertise to the newly combined company.
Ultralife, which provides a range of power solutions and electronics systems for government and commercial clients globally, sees the acquisition as an opportunity to deepen its product offerings and expand into new markets. With Electrochem under its umbrella, Ultralife aims to strengthen its presence in high-demand sectors with increased safety, reliability, and service capabilities.
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