Ultralife - M&A Summary and Business Overview

Electrical EquipmentCompany

Ultralife M&A Summary

Ultralife has acquired 8 companies, including 2 in the last 5 years.

Ultralife’s largest acquisition to date was in 2024, when it acquired Electrochem Solutions for $50M. Ultralife has acquired in 5 different US states, and 4 countries. The Company’s most targeted sectors include electrical equipment (88%) and technology hardware (13%).

Ultralife Business Overview

Where is Ultralife headquartered?

Ultralife is headquartered in Newark, New York.

What is Ultralife’s revenue?

Ultralife disclosed revenue of 159M USD for 2023 and 132M USD for 2022.

How many employees does Ultralife have?

Ultralife has 547 employees.

What sector is Ultralife in?

Ultralife is an electrical equipment company.

When was Ultralife founded?

Ultralife was founded in 1990.

M&A Summary

M&A Total Activity8
- M&A Buy Activity8
Total Sectors Invested 2
Total Countries Invested 4
M&A Buy/Sell Connections 2

Ultralife

Ultralife Corp.

2000 Technology Parkway,
Newark, New York 14513
United States,
(315) 332-7100
www.ultralifecorporation.com

Ultralife is a provider of products and services ranging from portable power solutions to communications and electronics systems. Ultralife was founded in 1990 and is based in Newark, New York.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.4/yr)	#	6	-	1	-	-	1	8
Buy (0.4/yr)	vol	$17M		$24M			$50M	$91M
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								8

Most Recent M&A

Company	Date	Value	Type
Electrochem Solutions, Inc.	2024-09-30	50M USD	Divestiture
Raynham, Massachusetts · www.electrochemsolutions.com
Excell Battery Corp.	2021-12-14	24M USD	Add-on Acquisition
Surrey, British Columbia · www.excellbattery.com
Accutronics Ltd.	2016-01-13	12M GBP	Add-on Acquisition
Newcastle under Lyme, United Kingdom · www.accutronics.co.uk
Science Applications International Corp. - AMTI business	2009-03-23	6M USD	Divestiture
McLean, Virginia
U.S. Energy Systems, Inc.	2009-02-01	-	Add-on Acquisition
Riverside, California · www.usenergysys.com
Reserve Power Systems, Inc.	2008-02-01	-	Add-on Acquisition
Newark, New York · www.reservepowersystems.com
Stationary Power Services, Inc.	2008-02-01	-	Add-on Acquisition
Clearwater, Florida · www.stationary-power.com
ABLE New Energy Co., Ltd.	2006-05-23	-	Add-on Acquisition
Shenzhen, China · www.able-battery.com
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Electrical Equipment	7 (88%)	85M (94%)	-	-
Technology Hardware	1 (13%)	6M (6%)	-	-
Total	8	$91M	-	-

By Geo

State/Country		Buy	Value	Sell	Value
United States		5	56M	-	-
	Virginia	1	6M	-	-
	New York	1	-	-	-
	Massachusetts	1	50M	-	-
	Florida	1	-	-	-
	California	1	-	-	-
Canada		1	24M	-	-
	British Columbia	1	24M	-	-
China		1	-	-	-
United Kingdom		1	12M	-	-
Domestic		5 (63%)	56M (61%)	-	-
Cross-border		3 (38%)	35M (39%)	-	-
Total		8	$91M	-	-

Deal Values

buy	#	Total
< $100M	4	$91M
TOTAL		$91M
Largest	Electrochem Solutions, Inc. $50M (2024-09-30)

M&A Connections

		Deals
Acquired from
Strategic(s)	25%	2 (25%)

Company Summary

SECTOR

Electrical Equipment

Revenue

159 21%	2023
132 35%	2022
98 10%	2021
108 1%	2020
107 23%	2019
87 2%	2018
86 5%	2017
82 8%	2016
76 16%	2015
66 17%	2014
79 23%	2013
102	2012
(millions of USD)	Show More Show Less

Employees

547

Established

1990

Public

NASDAQ: ULBI

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Ultralife - M&A Summary and Business Overview

Electrical EquipmentCompany