Ultralife Corporation completed the acquisition of Excell Battery Group for $23.5m.

Ultralife Corporation, a provider of critical power solutions and communications systems, completed the acquisition of Excell Battery Group, a battery manufacturer, for $23.5m. “Acquiring Excell offers us opportunities to further scale our Battery & Energy Products business and drive the proven operating leverage of our business model, expand into OEM device verticals that we do not presently serve, enhance our contributed value to both our customers and realize cost synergies. Importantly, Excell possesses experienced technical resources which we plan to utilize in progressing our global new product initiatives while adding a complementary line of highly engineered products that are costly to switch out. Finally, with an organizational culture and business model similar to our own, we look forward to a seamless integration process and welcome the Excell Team to Ultralife,” Michael D. Popielec, Ultralife Corporation President and CEO.