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Ultralife acquires Southwest Electronic Energy Corporation
Ultralife has acquired all of the outstanding shares of Southwest Electronic Energy Corporation (SWE).
In a press release, the company stated the USD 25 million purchase includes SWE’s ISO certified manufacturing and technology facility in Missouri City, Texas. As an independent designer and manufacturer of high-performance smart battery systems and battery packs using lithium cells, SWE serves a variety of industrial markets, including oil and gas, remote monitoring, process control, and marine. Ultralife President and CEO Michael D. Popielec said, “This acquisition advances our strategy of commercial revenue diversification and enhances the operating leverage of our business model. SWE checks nearly every box in our profile of an ideal acquisition candidate: a complementary line of highly engineered, mission critical, differentiated products; a blue-chip customer base; an innovative culture similar to our own; an experienced technical engineering and new product development team; a very strong management team; and a business model aligned with our core business. We welcome the SWE team to Ultralife and look forward to a smooth integration process.” Ultralife is headquartered in Newark, New York and has operations in North America, Europe and Asia.
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