EnerSys integrates Bulgarian acquisition

News Story
- 7 Jun 2007 ( #313 ) - READING, PA, United States
1 min read
Leading US industrial battery maker EnerSys is restructuring some of its European production and commercial operations after acquiring Bulgaria-based Energia AD.

EnerSys says in a statement the restructuring will help ease the integration of Energia into EnerSys' operations.

The acquisition provides EnerSys with greater access to the rapidly growing Eastern European and Russian markets and an additional low-cost manufacturing platform, the statement says.

The company expects to incur USD12 million of expenses, mainly for employee severance payments and USD5 million in fixed asset write-offs. However, the company should realise cost savings of about USD5 million in fiscal 2008 and more than USD10 million in fiscal 2009 from the restructure.

The restructure is subject to consultation with labour representatives and is expected to be completed by the end of EnerSys's current fiscal year, ending March 31, 2008.

EnerSys announced May 18 it had completed the acquisition of Energia AD, an industrial battery producer in Targovishte, Bulgaria. EnerSys paid about EUR13 million (USD17.5 million) for the company.
Toyota streamlines in US
Toyota streamlines in US 17 Jan 2019 - Columbus, IN, United States - 1 min read
Shangli details restructure plan
Shangli details restructure plan 7 Jul 2016 - Shanghai, China - 1 min read
Shangli restructures after silence
Shangli restructures after silence 30 Jun 2016 - Shanghai, China - 1 min read
Previously about:
EnerSys beats high commodity costs with results News Story - 22 Jun 2007 - READING, PA, United States - 1 min read
EnerSys outdoor chargers receive UL approval News Story - 3 Jul 2025 - Reading, PA, United States - 1 min read
EnerSys expands manufacturing facility News Story - 12 Jun 2025 - Reading, PA, United States - 1 min read
Briefs News Story - 5 Jun 2025 - 1 min read
Do you have materials handling news? Submit your news here
Inside The News
While innovation and new technology are evolving at what seems to be an ever-increasing pace, the need to capture the data (telemetry) from this tech, and the ability to utilise it (telematics) for efficiency and cost savings, is one area attracting more and more attention ... Continue reading

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

Words of support …

At Linde Material Handling, we appreciate Forkliftaction for its competent and informative reporting and its global perspective. Forkliftaction is one of the few industry media with a transnational readership.

Heike Oder, Head of Trade Press

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

We’re excited to launch a major upgrade to the Forkliftaction forums, packed with new features and improvements. Here’s what’s new:

  • You can now add up to two photos to your posts
  • New search & navigation - find what you need easier
  • Smart brand/model tagging across all forums
  • Top contributors recognised for their efforts!

 Head over to the forums to check it out!

PREMIUM business

Shenzhen Wellwit Robotics Co., Ltd
The Largest AMR/AGV ODM/OEM Manufacturer in China.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Inside The News
While innovation and new technology are evolving at what seems to be an ever-increasing pace, the need to capture the data (telemetry) from this tech, and the ability to utilise it (telematics) for efficiency and cost savings, is one area attracting more and more attention ... Continue reading

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

We’re excited to launch a major upgrade to the Forkliftaction forums, packed with new features and improvements. Here’s what’s new:

  • You can now add up to two photos to your posts
  • New search & navigation - find what you need easier
  • Smart brand/model tagging across all forums
  • Top contributors recognised for their efforts!

 Head over to the forums to check it out!