EnerSys Acquires Lithium Battery Business

Newswire Today reports that EnerSys announced that it has purchased the lithium-ion battery business (NYSE: ENS).

The report is quoted as saying:

“This acquisition is another step in our strategy to diversify our technology base and strengthen our prior investments in lithium systems to meet the needs of our customers,” said John D. Craig, chairman, president and chief executive officer of EnerSys. “EnerSys continues to seek opportunities that offer profitable growth in our chosen markets. We believe that lithium batteries will be a significant growth engine for EnerSys in the coming years, complementing the growth of our existing business in lead and nickel based batteries.”

To read the full report, click here.