READING, PA — EnerSys (NYSE: ENS) has finalized its acquisition of Bren-Tronics, marking a pivotal step in its strategic growth.
“We are very pleased to have closed this important transaction and can officially welcome Bren-Tronics to the EnerSys family,” said David M. Shaffer, President & CEO of EnerSys. “This combination will strengthen our position as a critical enabler of the energy transition and supports our growth in the attractive and growing military and defense end markets.”
The acquisition will boost EnerSys’ capabilities in lithium product offerings and accelerate its revenue and profitability growth. This aligns with the company’s fiscal year 2027 targets.
Bren-Tronics, based in Commack, N.Y., has been a pioneer in portable power solutions since 1973. The company is known for its reliable lithium batteries and charging solutions tailored for military and defense applications. Bren-Tronics employs around 280 people across the U.S., France, and the U.K., and reported sales of approximately $100 million in 2023. Following the acquisition, Bren-Tronics will be integrated into EnerSys’ Specialty business line.
EnerSys purchased Bren-Tronics for $208 million in an all-cash deal. The purchase price is about 8.7 times Bren-Tronics’ adjusted EBITDA for the twelve months ending December 31, 2023. The transaction is expected to be immediately beneficial to EnerSys’ financial performance.
EnerSys will discuss the strategic and financial benefits of the acquisition, along with integration plans, during its first-quarter fiscal 2025 earnings call on August 8, 2024, at 9:00 AM (ET).
Reed Smith LLP served as legal advisor to EnerSys for this transaction. Stout, a global advisory firm, acted as financial, tax, and IT advisor to EnerSys.
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