2007'05.21.Mon
EnerSys Acquires Bulgarian Battery Company

May 21, 2007
READING, Pa., May 21 /Xinhua-PRNewswire/ -- EnerSys
(NYSE: ENS), the world's largest manufacturer, marketer,
and distributor of industrial batteries, today announced
that it has completed the acquisition of Energia AD, a
producer of industrial batteries, located in Targovishte,
Bulgaria. The total purchase price for this transaction
including transaction fees is approximately 13 million
euro, approximately $17 million, and was financed using
existing EnerSys credit facilities.
"As noted on previous occasions we will continue
to seek accretive acquisition opportunities," stated
John Craig, chairman, president and CEO of EnerSys.
"This acquisition is particularly attractive by
providing us with greater market penetration in the rapidly
growing Eastern European and Russian markets while providing
the Company with additional low cost manufacturing
capacity."
Caution Concerning Forward-Looking Statements
This press release (and oral statements made regarding
the subjects of this release) contains forward-looking
statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking
statements may include, but are not limited to, (i)
statements regarding EnerSys' plans, objectives,
expectations and intentions and other statements contained
in this press release that are not historical facts,
including statements identified by words such as
"expects," "anticipates,"
"intends," "plans,"
"believes," "seeks,"
"estimates," "will" or words of similar
meaning; and (ii) statements about the benefits of the
investment in Energia including any impact on our financial
and operating results and estimates, and any impact on
EnerSys' market position that may be realized from the
investment.
These forward-looking statements are based upon
management's current beliefs or expectations and are
inherently subject to significant business, economic, and
competitive uncertainties and contingencies many of which
are beyond our control. The following factors, among
others, could cause actual results to differ materially
from those described in the forward-looking statements: (1)
our ability to successfully integrate the Energia
businesses; (2) the possibility that EnerSys may not
realize revenue benefits from the proposed investment
within expected time frames; (3) operating costs and
business disruption following the proposed investment,
including possible adverse effects on relationships with
employees, may be greater than expected; and (4)
competition may adversely affect the acquired business and
result in customer loss. EnerSys does not undertake any
obligation to update any forward-looking statement to
reflect circumstances or events that occur after the date
such forward-looking statement is made.
For more information, contact Richard Zuidema,
executive vice president, EnerSys, P.O. Box 14145, Reading,
PA 19612-4145, USA. Tel: 800-538-3627; Website:
http://www.enersys.com .
About EnerSys: EnerSys, the world 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 suppliers, and numerous applications requiring
standby power. 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.
For more information, please contact:
Richard Zuidema
Executive Vice President
Tel: +1-800-538-3627
PR
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