omniture

EnerSys Increases India Investment

EnerSys
2013-11-20 06:54 1232

READING, Pa., Nov. 20, 2013 /PRNewswire/ -- EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today the purchase of the remaining shares in their joint venture company in India, Energy Leader Batteries India Private Limited ("Energy Leader").

Energy Leader is a manufacturer of a comprehensive range of industrial batteries serving both reserve power and motive power customers in India.

"As we have noted previously, we will continue to expand globally to meet the needs of our customers and to better serve additional geographic markets," said John D. Craig, chairman, president and chief executive officer of EnerSys. "This transaction, in addition to our recently completed transactions, meaningfully expands the addressable markets for our products in South Asia."

Mark Tough, president of EnerSys Asia, added, "The continued rapid growth of the Indian markets provides exciting opportunities for EnerSys. Our joint venture provided a solid platform to establish our business in India, and the completion of the acquisition of the remaining ownership interest provides us the opportunity to accelerate our regional growth strategy."

About EnerSys: EnerSys, the global 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 stored energy solutions including aerospace and defense systems.  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.

Source: EnerSys
collection