Market Overview

EnerSys Announces Acquisition Of Certain Assets Of The Enser Corporation Has Completed


EnerSys (NYSE: ENS), a manufacturer and distributor of industrial batteries, confirmed after Thursday's market close it has completed the acquisition of certain assets of The Enser Corporation.

Enser is a manufacturer of molten salt thermal batteries that are used in electronics, guidance and other electrical loads. The company's lithium silicon cobalt disulfide chemistry provides "superior performance and increased power density" that are used in next-generation defense weapons and precision guided weapon systems.

EnerSys said the acquisition of Enser's advanced lithium battery manufacturing business provides it with additional technologies, expanded relationships with major defense customers and opportunities to create synergies within its own lithium business.

"This acquisition is a natural extension of our capabilities in the aerospace and defense markets," stated Michael J. Schmidtlein, Executive Vice President and Chief Financial Officer of EnerSys. "ENSER's products are powering many of today's most advanced weapon systems and we look forward to expanding our products and services in this crucial and strategic market."

Posted-In: Batteries Battery Stocks Defense Contractors ENERSYS Enser Michael SchmidtleinM&A News


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