Electrochem Announces Agreement to Acquire Micro Power Electronics

Electrochem Solutions, Inc., a subsidiary of Greatbatch, Inc. GB, today announced a definitive agreement to acquire Micro Power Electronics for net cash consideration of approximately $60 million and the assumption of debt and certain transaction-related payments and expenses. Greatbatch intends to finance this acquisition, which is expected to close by the end of the year, with cash on hand and availability under its existing revolving credit facility.