EnerSys Acquires Oerlikon Battery Business

EnerSys, 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.