Ultralife Corporation has entered into an agreement with Greatbatch Ltd., to acquire all the outstanding shares of Electrochem Solutions, Inc. for $50 million, which will be adjusted for customary working capital at closing. The purchase is expected to be funded through borrowings under amended credit facilities from Ultralife's primary lender. The company aims to close the acquisition by the end of October 2024. Ultralife also issued a press release on September 30, 2024, detailing the execution of the agreement.