EnerSys, the global leader in stored energy solutions for industrial applications, announced it has entered into a definitive agreement to acquire Bren-Tronics, Inc.
Bren-Tronics, headquartered in Commack, N.Y., is a privately held company with a legacy of innovation since 1973. Bren-Tronics is a leading manufacturer of highly reliable portable power solutions, including small and large format lithium batteries and charging solutions, for military and defense applications. It has approximately 280 employees across the U.S., France, and the U.K., with 2023 sales of approximately $100 million. Bren-Tronics will be integrated within EnerSys’ Specialty line of business.
“The acquisition of Bren-Tronics is a strategic move that 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 market,” said EnerSys President & CEO David M. Shaffer. “Having partnered with Bren-Tronics to support the Department of Defense (DOD) for over five years, we know the company well. We have tremendous respect for Bren-Tronics’ outstanding products that support our military every day and which help save lives on the front lines. We have a proven track record of collaboration, and we know that our company cultures are well-aligned. Our product portfolios are highly complementary, with minimal overlap in our product lines. We are excited to integrate Bren-Tronics’ exceptional engineering and product development capabilities with our own to drive innovation, deliver enhanced services, and strengthen our relationship with the DOD. We look forward to welcoming the Bren-Tronics team into EnerSys at closing anticipated in the coming months.”
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“This acquisition will accelerate EnerSys’ progress in expanding our lithium product offerings, growing revenue and profitability and advancing toward our fiscal year 2027 targets,” said Mark Matthews, President, Specialty Global. “The additional product volume will be well supported by our planned lithium cell gigafactory. Together, we look forward to setting new standards in our industry, delivering innovative lithium technologies to our customers, and continuing to deliver sustainable growth.”
“Joining the EnerSys team is an exciting opportunity for Bren-Tronics,” said Sai W. Fung, Bren-Tronics President and CEO. “This combination will allow us to leverage our respective strengths to solve critical DOD energy storage challenges together. I am extremely proud of Bren-Tronics’ legacy of reliability and innovation, and we look forward to building upon our success as a part of EnerSys.”
SOURCE: Businesswire