Lead-acid battery maker Enersys has completed a US$750 million deal to acquire Canada’s Alpha Technologies.
Enersys president and CEO David Shaffer said the finalisation of the deal, unveiled last month, creates the only fully-integrated DC power and energy storage solution provider for broadband, telecom and energy storage systems.
Shaffer added: “Our acquisition of Alpha will allow Enersys to achieve meaningful economies of scale in the short term… with an expanded total addressable market of approximately $20 billion, combined with an extremely robust product and service offering following the Alpha transaction, we are well positioned to deliver long-term growth and value for our shareholders.”
Alpha generated $591m in revenue for the 12 months ending 30 June 2018, with adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) of $67m, giving an EBITDA margin of 11%.
Enersys manufactures and distributes reserve power and motive power batteries, chargers, accessories, and custom batteries for military and aviation applications.