EnerSys Acquires South American Battery Company
READING, Pa., -- EnerSys ENS -0.10% , the global leader in stored energy solutions for industrial applications, today announced that it has completed the acquisition of Industrial Battery Holding S.A., the parent company of EnerSystem, a market leader in the South American motive power and reserve power battery markets. EnerSystem has more than 20 years of experience in manufacturing, marketing and servicing industrial batteries and is headquartered in Buenos Aires, Argentina with manufacturing plants in Argentina and Brazil as well as operations in Chile.
"This acquisition builds on our strategy of geographic expansion into rapidly growing markets such as South America and our recently announced transaction in South Africa. This is our third transaction completed in as many weeks with the other being our investment in the German lithium-ion joint venture, which builds on our strategy of investing in non lead-acid battery technologies," said John D. Craig, chairman, president and chief executive officer of EnerSys. "These investments will allow EnerSys to continue to provide supporting our customers globally with solutions to that best fit their needs."
About EnerSys: EnerSys, the world leader in stored energy solutions for industrial applications, manufactures and distributes reserve power and motive power batteries, chargers, power equipment, and battery accessories to customers worldwide. Motive power batteries are utilized in electric forklift trucks and other commercial electric powered vehicles. Reserve power batteries are used in the telecommunication and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions including aerospace and defense systems. The company also provides aftermarket and customer support services to its customers from over 100 countries through its sales and manufacturing locations around the world.
IMPORTANT NOTICE: To read this EVWorldwire news story, click the READ COMPLETE ARTICLE link above. This will launch a separate window to the original news source. To comment on this story use the Reader's Comment form below.
|<< PREVIOUS||NEXT >>|
blog comments powered by Disqus