Stryten Energy Announces Acquisition of C&D Trojan to Expand Global Battery Manufacturing and Strengthen U.S. Energy Security

• Combined 15 U.S. Manufacturing Plants Will Support American Energy Independence and Resilience
• Enhanced Global Footprint with Operations in Mexico and China, and Offices Throughout Europe and Asia to Better Serve Customers Worldwide
• Expanded AGM Battery Manufacturing Capacity to Meet Increased Demand

ALPHARETTA, Ga. & HORSHAM, Pa.--(BUSINESS WIRE)--Stryten Energy LLC (“Stryten” or “Stryten Energy”) and C&D Technologies, Inc. and Trojan Battery Company, LLC (“C&D Trojan”) today announced the signing of a definitive agreement for Stryten to acquire C&D Trojan, creating a scaled platform to advance global battery manufacturing and deliver comprehensive energy storage solutions across critical markets. Upon completion of the transaction, the company will continue to be led by Stryten’s Chief Executive Officer and President, Mike Judd. The transaction is anticipated to close in the third quarter of 2026 and is subject to customary closing conditions and regulatory approvals. Terms of the transaction were not disclosed.

“This combination brings together two highly complementary organizations with a shared commitment to delivering reliable, high-performance energy storage solutions,” said Mike Judd, Chief Executive Officer and President of Stryten Energy. “By combining our capabilities, we will accelerate innovation, expand our manufacturing footprint, and better serve customers across transportation, industrial, essential power and military and government sectors.”

“C&D Trojan and Stryten Energy share a strong commitment to innovation, manufacturing excellence, and serving customers in critical markets,” said Rick Heller, President and CEO of C&D Trojan. “By bringing our organizations together, we are expanding our capabilities, broadening our solutions portfolio, and creating a stronger foundation to support customers’ evolving energy storage needs.”

Stryten Energy Will Deliver a Full Energy Storage Portfolio Across Critical Industries

The combined organization will offer one of the industry’s most comprehensive portfolios of lead and lithium-based energy storage technologies, spanning a broad set of markets and applications.

• Transportation: automotive, truck, heavy-duty, lawn & garden, marine, LSEV, RV and other applications
• Essential Power: AI/data centers, uninterruptible power supply (UPS), telecommunications, utilities, nuclear and grid infrastructure
• Industrial: material handling, mining, railway, floor care, aerial work platforms and industrial equipment
• Military and government: wheeled tactical vehicles, missile defense systems, submarines, logistics and mission-critical infrastructure

“The addition of C&D Trojan will strengthen our ability to deliver a full portfolio of energy storage solutions to our customers,” said Judd. “Together, we will build a stronger and more agile company that is ideally positioned to meet evolving energy demands.”

Expanding U.S. Manufacturing

Following the close of the transaction, Stryten will operate 15 battery manufacturing and component facilities across the U.S., supported by 3,700 employees. This expanded domestic footprint will strengthen Stryten’s vertically integrated manufacturing supply chain and its ability to produce energy storage solutions at scale to meet growing demand. Additionally, Stryten plans to expand Absorbent Glass Mat (AGM) battery manufacturing capacity to meet increased demand for advanced lead batteries required for hybrid and start-stop vehicle technologies, as well as data center and telecom resiliency applications.

The enhanced scale, expanded product breadth and strengthened domestic manufacturing capabilities will also enable Stryten to expand its support of U.S. Department of War programs and mission-critical infrastructure, delivering reliable, domestically produced solutions designed to meet stringent performance and security requirements.

Stryten is a portfolio company of Atlas Holdings LLC. C&D Trojan is a portfolio company of KPS Capital Partners, LP.

Paul Hastings LLP is serving as legal counsel to Atlas and Stryten. Jefferies is serving as the sole financial advisor, and Paul, Weiss, Rifkind, Wharton and Garrison LLP is serving as legal counsel to KPS and C&D Trojan.

About Stryten Energy

Stryten Energy helps solve the world’s most pressing energy challenges with a broad range of energy storage solutions across the Essential Power, Motive Power, Transportation, Military and Government sectors. Headquartered in Alpharetta, Georgia, we partner with some of the world’s most recognized companies to meet the growing demand for reliable and sustainable energy storage capacity. Stryten powers everything from submarines to subcompacts, microgrids, warehouses, distribution centers, cars, trains and trucks. Our stored energy technologies include advanced lead, lithium and vanadium redox flow batteries, intelligent chargers and energy performance management software that keep people on the move and supply chains running. An industry leader backed by more than a century of expertise, Stryten has The Energy to Challenge the status quo and deliver top-performing energy solutions for today and tomorrow. Learn more at stryten.com.

About C&D Trojan

C&D Technologies, Inc. and Trojan Battery Company design and manufacture stationary and specialty motive batteries. C&D Technologies' stationary batteries are used primarily for standby power applications in the data center, telecom, utilities, cable, broadband, government, renewable energy, and other mission-critical sectors. C&D Trojan also manufactures specialty motive products under the iconic Trojan brand to power golf carts, low-speed electric vehicles, aerial lifts, floorcare machines, RVs and boats. C&D Technologies, Inc. and Trojan Battery Company have more than 200 years of combined innovation and leadership in deep-cycle battery technology. Headquartered in Horsham, Pennsylvania, C&D Trojan operates manufacturing facilities in the United States, Mexico, and China, as well as advanced research and development facilities in the United States, and offices throughout Europe and Asia.