Jan 29 2014
EnerSys, the global leader in stored energy solutions for industrial applications, today announced that it has completed the acquisition of UTS Holdings Sdn. Bhd. headquartered in Kuala Lumpur, Malaysia (UTS). 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 Southeast 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," said John D. Craig, chairman, president and chief executive officer of EnerSys. "UTS is currently profitable. 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 organization to the EnerSys family and are excited to be able to provide our customers with a wider scope of products and services within the Southeast Asia region," commented 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."
About EnerSys: EnerSys, the world leader in stored energy solutions for industrial applications, manufactures and distributes reserve power and motive power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Motive power batteries and chargers 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 supplies, and numerous applications requiring stored energy solutions including aerospace and defense systems. Outdoor equipment enclosure products are utilized in the telecommunication, cable, utility, transportation industries and by government and defense customers. 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.
Source: http://www.enersys.com/