EnerSys announces acquisition Bren-Tronics Inc
EnerSys, the global leader in stored energy solutions for industrial applications, today announced it has entered into a definitive agreement to acquire Bren-Tronics, Inc. in an all-cash transaction of $208 million. The purchase price represents approximately 8.7x Bren-Tronics’ adjusted EBITDA for the twelve months ending December 31, 2023. Bren-Tronics, headquartered in Commack, N.Y., is a privately […]
Lotte Chemical, Sasol Chemicals alliance aids in electric vehicle batteries development
Sasol Chemicals, a business unit of Sasol Ltd. (JSE: SOL; NYSE: SSL), and LOTTE Chemical have agreed to conduct a pre-feasibility study of a joint project to build, own and operate a plant to produce battery-grade electrolyte solvents, key components of lithium-ion batteries for electric vehicles. Industry sources added that the companies will assess the […]
