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EnerSys Acquires FIAMM's Motive Power Battery Business

Reading, Pennsylvania (ots/PRNewswire)

EnerSys (NYSE: ENS) the
world's largest manufacturer, marketer and distributor of industrial
batteries, announced today that it completed the acquisition of
FIAMM's motive power battery business effective June 1. FIAMM motive
power operates primarily in Europe and had sales of approximately
euro 70 million (approximately US$90 million) for its fiscal year
ending December 31, 2004. The cash purchase price for this
acquisition was euro 25 million (approximately US$31.25 million). The
company intends to finance this acquisition with a 6-year senior term
loan. This transaction is expected to be dilutive to EnerSys' fiscal
year 2006 net earnings in the range of US$0.02 per share and is
expected to be accretive to net earnings within 12 months.
John D. Craig, Chairman, President and CEO of EnerSys stated, "We
are pleased to complete the FIAMM acquisition and add its customers,
brand and employees to our organization. This strategic transaction
provides a significant increase in our motive power market position
in Europe and provides an excellent platform to reduce costs, expand
our product offerings and improve our service capabilities for
existing FIAMM and EnerSys customers." Additionally he said, "I am
very confident in the EnerSys management team's ability to
successfully integrate the FIAMM business, as we have the experience,
track record and plan to meet our future objectives."
This press release contains forward-looking statements (within the
meaning of the Private Securities Litigation Reform Act of 1995),
which are based on management's current expectations and are subject
to uncertainties and changes in circumstances. Our actual results may
differ materially from the forward-looking statements for a number of
reasons. For a list of the factors that could affect our results to
differ materially from our forward-looking statement regarding the
FIAMM transaction, please see our Form 8-K dated February 16, 2005.
For more information, contact Richard Zuidema, Executive Vice
President, EnerSys, P.O. Box 14145, Reading, PA 19612-4145, USA. Tel:
1-800-538-3627; Website: http://www.enersys.com.
EDITOR'S NOTE: EnerSys is 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 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.
Web site: http://www.enersys.com

Contact:

Rebecca Simon or Beth Smith, +1-215-453-8700,
publicrelations@simongroup.com, for EnerSys

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