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Slide #92. EnerSys — Quallion LLC
EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, today announced that it has entered into an agreement to acquire Quallion LLC, a manufacturer of lithium ion cells and batteries for high integrity applications for $30 million. Headquartered in Sylmar, CA, Quallion's products include lithium ion cells and batteries for diverse applications including medical devices, defense, aviation and space. The closing of the transaction is subject to customary closing conditions.
EnerSys is engaged in stored energy solutions for industrial applications. Co. has three reportable segments: Energy Systems, which includes uninterruptible power systems applications for computer and computer-controlled systems, as well as telecommunications systems, switchgear and electrical control systems; Motive Power, which includes power for electric industrial forklifts used in manufacturing, warehousing and other material handling applications; and Specialty, which includes starting, lighting and ignition applications in transportation, energy solutions for satellites, military aircraft, submarines, ships and other tactical vehicles as well as medical and security systems.
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Strong Buy (3.50 out of 4)