Ultralife completes $50M acquisition of Electrochem Solutions; secures $55M term loan

ULTRALIFE CORP

Acquired all shares of Electrochem from Integer Holdings (NYSE: ITGR) for $50M cash on Oct 31, 2024.
Electrochem designs primary lithium metal and ultracapacitor cells; trailing 12-month revenue of $34M.
Funded via new $55M senior secured term loan from KeyBank, M&T, and Community Bank, maturing Oct 31, 2029.
CEO Mike Manna expects cross-selling opportunities, scale efficiencies, and expanded market reach.
Financial statements and pro forma financial information to be filed within 71 days of this report.

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