EnerSys has entered into an agreement to acquire Purcell Systems, headquartered in Spokane, WA. The purchase price for this acquisition is $115M and will be financed using existing cash and credit facilities. Purcell Systems is a designer, manufacturer and marketer of thermally managed electronic equipment and battery cabinet enclosures for customers globally in telecommunication, broadband, utility, rail and military applications. Purcell sales are currently in excess of $100M per year. EnerSys anticipates that this transaction will be accretive to EPS by 15c-20c in the first year.
- Mergers, Acquisitions & Takeovers