 EnerSys CEO John D Craig |
Industrial battery maker EnerSys has bought the lead-acid battery business of Leclanché SA, of Yverdon-les-Bains, Switzerland.
Terms were not disclosed.
EnerSys said in a statement that it would take over Leclanché's existing customers and contracts and "certain sales and service employees" to maintain continuity in customer relationships.
Company president and CEO John D Craig said the acquisition was in line with EnerSys's goals to acquire companies with a high level of synergies and to expand its market presence.
EnerSys Europe president Ray Kubis said the transaction provided a "solid platform" for the company to increase its presence in Switzerland.
"We plan to use our extensive global manufacturing, technical, sales and distribution network to build on this platform and grow in this market."
Kubis said increased investment and employment were planned in the Zurich area.
In 2005, EnerSys acquired FIAMM SpA's motive power battery business for EUR25 million (USD33.3 million) (
Forkliftaction.com News #206).