Add-on Acquisition • Electrical Equipment

Ultralife Acquires Excell Battery

On December 14, 2021, Ultralife acquired electrical equipment company Excell Battery for 24M USD

Acquisition Context

This is Ultralife’s 6th transaction in the Electrical Equipment sector.
This is Ultralife’s 2nd largest (disclosed) transaction.
This is Ultralife’s 1st transaction in Canada.
This is Ultralife’s 1st transaction in British Columbia.

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M&A Deal Summary
Date	December 14, 2021
Target	Excell Battery
Sector	Electrical Equipment
Buyer(s)	Ultralife
Deal Type	Add-on Acquisition
Deal Value	24M USD

Target Company

Excell Battery

Surrey, British Columbia, Canada

Excell Battery is an independent designer and manufacturer of high-performance smart battery systems, battery packs, and monitoring systems to customer specifications. Excell serves a variety of industrial markets including downhole drilling, OEM industrial and medical devices, automated meter reading, and mining, marine, and other mission-critical applications which demand uncompromised safety, service, reliability, and quality. Excell Battery was founded in 1985 and is based in Surrey, British Columbia.

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Buyer Overview 1

Buyer

Ultralife

Newark, New York, United States

Category	Company
Founded	1990
Sector	Electrical Equipment
Employees	671
Revenue	164M USD (2024)

DESCRIPTION

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.

Deal Context for Buyer	#
Overall	7 of 8
Sector: Electrical Equipment	6 of 7
Type: Add-on Acquisition	6 of 6
State: British Columbia	1 of 1
Country: Canada	1 of 1
Year: 2021	1 of 1
Size (of disclosed)	2 of 4

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2016-01-13	Accutronics Newcastle under Lyme, United Kingdom Accutronics Ltd. is an independent designer and manufacturer of smart batteries and charger systems for high-performance, feature-laden portable and handheld electronic devices.	Buy	£8M

DATE

TARGET

DEAL TYPE

VALUE

2016-01-13

Accutronics

Newcastle under Lyme, United Kingdom

Accutronics Ltd. is an independent designer and manufacturer of smart batteries and charger systems for high-performance, feature-laden portable and handheld electronic devices.

Buy

£8M

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2024-09-30	Electrochem Raynham, Massachusetts, United States Electrochem is a metal finishing company provides a range of highly technical finishing solutions including gold plating, silver plating, anodizing, electroless nickel, and other services to clients primarily in the semiconductor fabrication equipment end market. Electrochem was founded in 1982 and is based in Union City, California.	Buy	$50M

DATE

TARGET

DEAL TYPE

VALUE

2024-09-30

Electrochem

Raynham, Massachusetts, United States

Electrochem is a metal finishing company provides a range of highly technical finishing solutions including gold plating, silver plating, anodizing, electroless nickel, and other services to clients primarily in the semiconductor fabrication equipment end market. Electrochem was founded in 1982 and is based in Union City, California.

Buy

$50M

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