EnerSys announced that it has completed the acquisition of Industrial Battery Holding S.A., the parent company of EnerSystem, described as a market leader in the South American motive power and reserve power battery markets. EnerSystem has more than 20 years of experience in manufacturing, marketing and servicing industrial batteries and is headquartered in Buenos Aires, Argentina with manufacturing plants in Argentina and Brazil as well as operations in Chile.
"This acquisition builds on our strategy of geographic expansion into rapidly growing markets such as South America and our recently announced transaction in South Africa. This is our third transaction completed in as many weeks with the other being our investment in the German lithium-ion joint venture, which builds on our strategy of investing in non lead-acid battery technologies," said John D. Craig, Chairman, President and Chief Executive Officer of EnerSys. "These investments will allow EnerSys to continue to provide supporting our customers globally with solutions to that best fit their needs."
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