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Stock impact report

EnerSys to Acquire Bren-Tronics, Inc. to Expand Presence in Critical Defense Applications [Yahoo! Finance]

EnerSys (ENS) 
Last enersys earnings: 2/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.enersys.com
Company Research Source: Yahoo! Finance
Acquisition brings strong engineering and product development capabilities with extensive new product roadmap Complementary product portfolio will strengthen EnerSys' Specialty Aerospace & Defense business and relationship with the U.S. Department of Defense Lithium expertise accelerates EnerSys' strategic initiative to increase revenue and profitability from lithium products Expected to be accretive immediately after closing READING, Pa., May 02, 2024 BUSINESS WIRE EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, today announced it has entered into a definitive agreement to acquire Bren-Tronics , Inc. in an all-cash transaction of $208 million. The purchase price represents approximately 8.7x Bren-Tronics' adjusted EBITDA for the twelve months ending December 31, 2023. Bren-Tronics, headquartered in Commack, N.Y., is a privately held company with a legacy of innovation since 1973. Bren-Tronics is a leading manufacturer of highl Show less Read more
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