EnerSys Buys Swiss Company

EnerSys (Reading, Penn.), manufacturer, marketer and distributor of industrial batteries, announced that it has signed a definitive agreement to acquire the lead-acid battery business of Leclanche SA, based in Yverdon-les-Bains, Switzerland. The transaction is expected to close in January 2007 and is subject to customary closing conditions.

EnerSys will assume the customers and existing contracts of the Leclanche lead-acid battery business, along with certain sales and service employees to maintain the relationships with current customers.

"This acquisition is a continuation of our efforts to meet our strategic goals of acquiring companies with high levels of synergies with EnerSys and expanding our market presence," said John D. Craig, chairman, president and CEO of EnerSys.

Ray Kubis, president of EnerSys Europe said, "This provides a solid platform for EnerSys to increase our presence in the Swiss market. We plan to use our extensive manufacturing, technical, sales and distribution global network to build on this platform, and grow in this market with additional investment and employment increases planned in the Zurich area."

Source: EnerSys

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish