Brunswick Acquires RELiON Battery For Undisclosed Sum

Brunswick Corp BC has acquired RELiON Battery, a provider of lithium batteries and related products, for an undisclosed sum.
The acquisition will enable Brunswick's Advanced Systems Group (ASG) to extend its position in electrical systems innovation.
"The addition of RELiON to our portfolio reinforces our position as a leading supplier of lithium batteries for RV and recreational boating," said CEO Dave Foulkes.
RELiON has a range of 12V, 24V, 36V, and 48V lithium battery systems.
The company has also announced plans for a new Electrification Technology Center to be located in Michigan.
Brunswick held $599.9 million in cash and equivalents as of June 30, 2021.
Price Action: BC shares closed higher by 2.14% at $98.94 on Wednesday.