EnerSys to Acquire Ultralife Corporation in a $320 Million All-Cash Transaction
Key Highlights
- ➤EnerSys (ENS) to acquire Ultralife (ULBI) for approximately $320 million, including assumed net debt
- ➤Ultralife shareholders will receive $16.00 cash per share, a 166% premium
- ➤Transaction expected to close in first quarter of calendar year 2027, pending approvals
- ➤EnerSys will finance the acquisition with cash on hand, without a financing contingency
- ➤Ultralife stock will no longer be publicly listed after transaction completion
Expert Statements
Michael E. Manna, President and Chief Executive Officer of Ultralife Corporation
“Combining with EnerSys is an exciting next step that will allow us to unlock value and growth opportunities for both companies, while delivering substantial and certain cash value to Ultralife shareholders”
Shawn O'Connell, President and Chief Executive Officer of EnerSys
“This acquisition is a compelling strategic fit for EnerSys and directly advances our strategy to build a broader, more differentiated defense power platform”
NEWARK, N.Y., Oct. 27, 2026 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) today announced that it has entered into an Agreement and Plan of Merger (“merger agreement”) with EnerSys (NYSE: ENS) under which upon closing EnerSys will acquire Ultralife Corporation in an all-cash transaction valued at approximately $320 million, including the assumption of net debt.
Under the terms of the merger agreement, which has been unanimously approved by the Boards of Directors of both companies, Ultralife Corporation shareholders will receive $16.00 in cash for each share of Ultralife Corporation common stock they own. The purchase price represents a premium of 166% to Ultralife Corporation’s closing stock price on October 26, 2026.
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