Benzinga | Sep 2, 2021 05:47AM EDT

Brunswick Acquires RELiON Battery For Undisclosed Sum

* Brunswick Corp (NYSE: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.