The latest update is out from Ultralife ( (ULBI) ).
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Ultralife Corporation has inked a deal to purchase Electrochem Solutions, Inc. from Integer Holdings Corporation for $50 million, with an expectation to close the transaction by the end of October 2024. The acquisition, which includes Electrochem’s cutting-edge technology and manufacturing capabilities, aims to enhance Ultralife’s profitability and market reach. This strategic move is anticipated to be EPS accretive from 2025 and is set to bolster Ultralife’s competitive edge by extending its product offerings and fostering growth through new market opportunities and operational synergies.
For detailed information about ULBI stock, go to TipRanks’ Stock Analysis page.
