Ultralife Corporation Acquires Excell Battery Group
NEWARK, N.Y., Dec. 14, 2021 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ:ULBI) has acquired all of the outstanding shares of Excell Battery Group ("Excell") for $23.5 million in cash, subject to customary working capital and net cash adjustments. Based in Canada with U.S. operations, Excell is a leading 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, re
