Recent Updates — ENS

EnerSys entered into a definitive Agreement and Plan of Merger to acquire Ultralife Corporation through a two-step transaction consisting of a tender offer followed by a merger. EnerSys will pay $16.00 per share in cash, representing an enterprise value of approximately $320 million and a 166% premium to Ultralife’s unaffected closing price. The transaction is expected to close in the first quarter of 2027, subject to customary conditions including regulatory approvals and the tender of at least a majority of shares. EnerSys plans to fund the acquisition with cash on hand and expects to realize $15 million to $20 million in annual run-rate cost synergies within 18 months. EnerSys is a global leader in stored energy solutions for industrial, infrastructure, and defense applications.

EnerSys appointed Navi Grewal as its new Chief Digital, AI and Information Officer, effective October 16, 2026. Ms. Grewal will report to President and CEO Shawn O’Connell and join the Executive Leadership Team. She will lead global digital, artificial intelligence, information technology, cybersecurity, and enterprise data strategy, focusing on modernizing business systems and advancing digital transformation. Prior to joining EnerSys, she served as Global Chief Digital and Technology Officer at MasterBrand Cabinets and held leadership roles at DuPont, Church & Dwight, Campbell Soup Company, and Exelon Corporation. EnerSys is a global leader in stored energy solutions for industrial, infrastructure, and defense applications.

EnerSys reported first-quarter fiscal 2027 net sales of $935.6 million, a 4.8% increase year-over-year, and adjusted diluted EPS of $3.66, up 64%. The company returned approximately $59.6 million to shareholders through $50 million in share repurchases and dividends. EnerSys also announced a 10% increase in its quarterly cash dividend to $0.2875 per share for the second quarter of fiscal 2027, payable on October 2, 2026, to holders of record as of September 18, 2026. EnerSys is a global leader in stored energy solutions providing batteries and power equipment for industrial, infrastructure, and defense applications.

EnerSys revised its planned lithium-ion cell manufacturing facility in Greenville, South Carolina, reducing its initial capacity to 1 gigawatt-hour from an original plan of 4 to 5 gigawatt-hours to focus on aerospace, defense, and specialized industrial applications. The company expects a total net investment of approximately $500 million, supported by a revised $150 million grant from the U.S. Department of Energy and up to $200 million in state and local incentives. EnerSys intends to transition away from its technology relationship with Verkor SAS. EnerSys is a global leader in stored energy solutions for industrial, infrastructure, and defense applications.