"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."
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 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.