Global battery giant Enersys has acquired a family of battery companies based in Southeast Asia. UTS Holdings and its subsidiaries including Battery Power International and IE Technologies, based in Singapore, are suppliers of motive and reserve power for the Asian markets.
This move reinforces Enersys’ interest in the Southeast Asian market. It will now be able to offer customers in the region everything from design to implementation as a complete solution.
President and CEO, John Craig, said the acquisition will be profitable for Enersys: “UTS is currently profitable. We anticipate that it will generate approximately $40m in sales over the next 12 months and will be accretive to our Asia financial results.”