Buying battery business
March 1st 2005

EnerSys has reached agreement in principle to acquire the motive power battery business of Fiamm S.p.A, a market leader in the automotive sector in starter batteries, acoustic devices and antenna systems, as well as in industrial batteries.

The transaction is expected to close in EnerSys’s first fiscal quarter of 2006.

John Craig, chair, president and CEO of EnerSys, explains “Fiamm’s motive power business is a great match for EnerSys. It fits into our long range growth strategy. With revenues, primarily in Europe, of about $90m, this acquisition will extend EnerSys’s motive power battery leadership position worldwide".

Giulio Dolcetta, Fiamm’s chair, adds “We are very pleased to be selling Fiamm’s motive power business to EnerSys, a company that possesses the know-how and size to further enhance the success of Fiamm’s motive power business.”