M&A Deal Summary

Ultralife Acquires Excell Battery

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

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

M&A Deal Summary
Date 2021-12-14
Target Excell Battery
Sector Electrical Equipment
Buyer(s) Ultralife
Deal Type Add-on Acquisition
Deal Value 24M USD

Target

Excell Battery

Surrey, British Columbia, Canada
website
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(S) 1

Buyer

Ultralife

Newark, New York, United States

website

Category Company
Founded 1990
Sector Electrical Equipment
Employees547
Revenue 132M USD (2022)
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 STATS #
Overall 7 of 7
Sector (Electrical Equipment) 6 of 6
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) 1 of 3
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
Mergr

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