EnerSys Acquires Oerlikon Battery Business
November 30 2009 - 4:02PM
PR Newswire (US)
READING, Pa., Nov. 30 /PRNewswire-FirstCall/ -- EnerSys (NYSE:ENS),
the world's largest manufacturer, marketer, and distributor of
industrial batteries, today announced that it has completed the
acquisition of the industrial battery businesses of the Swiss
company Accu Holding AG (SIX: ACUN). Enersys acquired the stock of
OEB Traction Batteries and the operating assets and liabilities of
Oerlikon Stationery Batteries, along with its Swedish sales
subsidiary. The companies, which operate under the name Oerlikon
Battery, supply high integrity solutions worldwide and have
combined revenues in excess of $50 million per year. "As we have
noted previously, with our strong financial position we view the
difficult economic environment as an opportunity for us to acquire
good companies, with quality products and experienced people to
help us extend our market leadership in industrial energy storage,"
commented John D. Craig, chairman, president and chief executive
officer of EnerSys. Caution Concerning Forward-Looking Statements
This press release (and oral statements made regarding the subjects
of this release) contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements may include, but are not limited
to, (i) statements regarding EnerSys' plans, objectives,
expectations and intentions and other statements contained in this
press release that are not historical facts, including statements
identified by words such as "expects," "anticipates," "intends,"
"plans," "believes," "seeks," "estimates," "will" or words of
similar meaning; and (ii) statements about the benefits of the
acquisition of the Oerlikon Battery businesses, including any
impact on our financial and operating results and estimates, and
any impact on EnerSys' market position that may be realized from
the acquisition. These forward-looking statements are based upon
management's current beliefs or expectations and are inherently
subject to significant business, economic, and competitive
uncertainties and contingencies many of which are beyond our
control. The following factors, among others, could cause actual
results to differ materially from those described in the
forward-looking statements: (1) our ability to successfully
integrate the Oerlikon Battery businesses; (2) the possibility that
EnerSys may not realize revenue benefits from the acquired
businesses within expected time frames; (3) operating costs and
business disruption following the acquisition , including possible
adverse effects on relationships with employees, may be greater
than expected; and (4) competition may adversely affect the
acquired businesses and result in customer loss. The statements in
this press release are made as of the date of this press release,
even if subsequently made available by EnerSys on its website or
otherwise. EnerSys does not undertake any obligation to update any
forward-looking statement to reflect circumstances or events that
occur after the date such forward-looking statement is made. For
more information, contact Richard Zuidema, executive vice
president, EnerSys, P.O. Box 14145, Reading, PA 19612-4145, USA.
Tel: 800-538-3627; Website: http://www.enersys.com/. 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 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 http://www.enersys.com/. DATASOURCE: EnerSys CONTACT:
Richard Zuidema, executive vice president, EnerSys, +800-538-3627
Web Site: http://www.enersys.com/
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