EnerSys buys Asian battery business

News Story
- 30 Jan 2014 ( #652 ) - Reading, PA, United States
1 min read
EnerSys' Ironclad, General Battery and EnForcer product lines.
EnerSys' Ironclad, General Battery and EnForcer product lines.
EnerSys has completed the acquisition of UTS Holdings Sdn. Bhd. headquartered in Kuala Lumpur, Malaysia.

UTS and its subsidiaries, Battery Power International Pte. Ltd. and IE Technologies Pte. Ltd. based in Singapore, are regional market leaders with 20 years' experience in providing motive power and reserve power solutions within the South East Asian markets.

"This acquisition, along with our recently announced investment in our India business, continues to build on our strategy of geographic expansion into rapidly growing markets such as Asia," says John D. Craig, chairman, president and chief executive officer of EnerSys.

"UTS is currently profitable (and) we anticipate that it will generate approximately $40 million in sales over the next 12 months and will be accretive to our Asia financial results.

"We look forward to welcoming the UTS organisation to the EnerSys family and are excited to be able to provide our customers with a wider scope of products and services within the South East Asia region," says Mark Tough, president of EnerSys Asia. "We are now able to provide within this region a total solution from design, implementation and a complete end to end solution for our customers."

Reading PA-based EnerSys manufactures and distributes reserve power and motive power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions for global markets.
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