EnerSys acquires Bren-Tronics for $208 million

EnerSys acquires Bren-Tronics for $208 million

EnerSys acquires Bren-Tronics for $208 million 1024 296 Batteries International

May 10, 2024: International battery company, EnerSys, this week announced that it has entered into a definitive agreement to acquire Bren-Tronics, a manufacturer of portable power products for defense customers, including small and large format lithium batteries.

The acquisition will expand EnerSys’ presence in critical defense applications and aligns, the company said, with several of its strategic initiatives — including expanding their lithium product offerings. The firm said it expects to close the all-cash transaction by the second quarter of 2024.

This follows an announcement, last February, that EnerSys had selected Greenville, South Carolina to develop a lithium-ion cell gigafactory to advance battery production in the US. The company said the new factory represented a long-term opportunity to enable growth and allow them to optimise cell sizing in battery solutions for their customers.

EnerSys expects construction to begin in early 2025 and operations to be online in late 2027.

Following the Bren-Tronics acquisition, president and CEO, David Shaffer said: “This is a strategic move that will strengthen our position as a critical enabler of energy transition and supports our growth in the attractive and growing military and defense end market.

 “Having partnered with Bren-Tronics to support the Department of Defense for over five years, we know the company well. We have tremendous respect for their outstanding products that support our military every day and which help save lives on the front lines.”

Bren-Tronics president and CEO Sai Fung said that combining with EnerSys “is an exciting opportunity” that will make it possible for the two organizations  “to leverage our respective strengths to solve critical DOD energy storage challenges together.”