EnerSys Acquires Bulgarian Battery Company

EnerSys of Reading, Pennsylvania, has completed the acquisition of Energia AD, a producer of industrial batteries, located in Targovishte, Bulgaria. The total purchase price including transaction fees was about 13 million euro, approximately $17 million, and was financed using existing EnerSys credit facilities.

“This acquisition provides us with greater market penetration in the rapidly growing Eastern European and Russian markets while providing the company with additional low cost manufacturing capacity,” says John Craig, chairman, president and CEO of EnerSys.