Tous Actualités
Suivre
Abonner EnerSys

EnerSys

EnerSys to Purchase FIAMM's Motive Power Battery Business

Reading, Pennsylvania (ots/PRNewswire)

EnerSys (NYSE: ENS), the
world's largest manufacturer, marketer, and distributor of industrial
batteries, today announced that it has reached agreement in principle
to acquire the motive power battery business of FIAMM S.p.A., a
market leader in the automotive sector in starter batteries, acoustic
devices and antenna systems, as well as in industrial batteries. The
transaction is expected to close in EnerSys' 2006 first fiscal
quarter.
"Fiamm's motive power business is a great match for EnerSys. It
fits into our long-range growth strategy. With revenues, primarily in
Europe, of approximately US$90 million (equivalent to approximately
70 million Euros), this acquisition will extend EnerSys' motive power
battery leadership position worldwide," noted John Craig, chairman,
president and CEO of EnerSys. "EnerSys is committed to continuing to
serve Fiamm's existing motive power customers and distributors as a
standalone business. The Fiamm motive power products, brands and
distribution channels are well respected and EnerSys plans to
continue to support their development."
Giulio Dolcetta, Fiamm's chairman, stated, "We are very pleased to
be selling Fiamm's motive power business to EnerSys, a company that
possesses the know-how and size to further enhance the success of
Fiamm's motive power business."
Consummation of the transaction is subject to the execution of
mutually acceptable definitive documentation and the satisfaction of
customary closing conditions, including the receipt of government
consents.
For more information, contact Richard Zuidema, Executive Vice
President, EnerSys, P.O. Box 14145, Reading, PA 19612-4145, USA. Tel:
+1-800/538-3627;  Web site: http://www.enersys.com.
EDITOR'S NOTE: 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
suppliers, 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.
Fiamm is one of the main global players in its product field and
boasts a tradition of strong quality and customer orientation with
2003 sales of more than 500 million Euros (approximately $654 million
US) and employing 3,000 people worldwide. The company's motive power
business employs 450 people and had sales of approximately 70 million
Euros (approximately $90 million US) in 2004.
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' and Fiamm's 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 proposed
acquisition of Fiamm's motive power business, including any impact on
financial and operating results and estimates, and any impact on
EnerSys' market position that may be realized from the proposed
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) the ability to successfully integrate Fiamm's motive power
business with EnerSys' business within expected timeframes; (2) the
possibility that EnerSys may not realize revenue benefits from the
proposed acquisition within expected timeframes; (3) operating costs
and business disruption following the proposed acquisition, including
possible adverse effects on relationships with employees may be
greater than expected; and (4) competition may adversely affect
Fiamm's business and result in customer loss. 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.
Web site: http://www.enersys.com

Contact:

Richard Zuidema, Executive Vice President, EnerSys, +1-800-538-3627

Plus de actualités: EnerSys
Plus de actualités: EnerSys
  • 03.09.2004 – 00:53

    EnerSys Announces First Fiscal Quarter 2005 Results Conference Call

    Reading, Pennsylvania (ots/PRNewswire) - EnerSys (NYSE: ENS), one of the world's largest manufacturers, marketers, and distributors of industrial batteries, will host a conference call to discuss the company's first fiscal quarter 2005 financial results and to provide an overview of the business. The call will conclude with a question and answer session. The ...