EnerSys Purchases Battery Manufacturing Assets in Greece from Ergon Batteries Ltd.
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READING, Pa., March 15, 2011 - EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, today announced that it has finalized the acquisition of certain assets from Ergon Batteries Ltd., a Greek registered company based near Athens. Ergon Batteries manufactures, assembles and distributes lead and nickel based batteries, primarily to the Greek motive power and reserve power markets.
"The company has been a good partner to EnerSys for a number of years and a key distributor of our products, especially for the motive power market. This acquisition gives us the opportunity to expand the range of our product offering to the Greek market and will give better support to our existing local customers," said John D. Craig, chairman, president and chief executive officer of 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 fork trucks and other commercial electric powered vehicles. Reserve power batteries are used in the telecommunications and utility industries, uninterruptible power supplies, and numerous applications requiring standby power. 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.
More information regarding EnerSys can be found at www.enersys.com.
SOURCE EnerSys
CONTACT: Richard Zuidema, Executive Vice President, EnerSys, +1-800-538-3627, or Fax +1-610-208-1807
Web Site: www.enersys.com
