Sep. 18, 2013, 7:53 AM
- Industrial battery maker EnerSys (ENS) agrees to acquire Purcell Systems for $115M; Purcell is a maker of thermally managed electronic equipment and battery cabinet enclosures for telecom, broadband, utility, rail and military applications.
- ENS says the transaction will be accretive to its EPS by $0.15-$0.20 in the first year; it will be financed using existing cash and credit facilities.
ENS vs. ETF Alternatives
EnerSys manufactures, markets and distributes industrial batteries and related products such as chargers, power equipment and battery accessories. It also provides after-market and customer-support services for industrial batteries.
Other News & PR