EnerSys to acquire the Alpha Technologies for $750m.

EnerSys, the global leader in stored energy solutions for industrial applications, completed the acquisition of the Alpha Technologies, a provider of energy solutions for broadband, telecom, renewable, industrial and traffic customers, for $750m consisting of $650m in cash and $100m in EnerSys shares. EnerSys expects the acquisition to generate annual run-rate synergies in excess of $25m and to be accretive to EnerSys’ earnings, excluding any one-time or acquisition-related costs. “With Alpha, we hope to gain immediate scale, diversify our served end-markets and increase our exposure to industries with attractive secular growth dynamics. We believe that our significantly expanded product portfolio across the broadband, telecom, renewable and industrial markets, and our integrated solutions approach with systems, software and services will uniquely position us to better serve our customers across all end markets and drive innovation. We look forward to welcoming the Alpha organization to the EnerSys family.” David M. Shaffer, EnerSys President and CEO.