EnerSys Makes Its Defence Ambitions Concrete With Ultralife
EnerSys has agreed to buy Ultralife for $16 a share in cash, in a deal with an enterprise value of about $320 million. The price is the headline. The more telling detail is what EnerSys says it is buying: defence capability, permitted US manufacturing capacity, and batteries designed for conditions where the cheapest kilowatt-hour is not the point.