$750 millionacquisition combines world-class complementary portfolios, creating only fully integrated DC power solutions provider. EnerSys Announces Agreement to Acquire the Alpha Technologies Group of Companies, Creating the Only Complete Power Solution Provider for Broadband, Telecom and Energy … Such forward-looking statements may include financial and other projections as well as statements regarding EnerSys’ future plans, objectives, performance, revenues, growth, profits, operating expenses or EnerSys’ underlying assumptions. This press release contains statements which, to the extent that they are not recitations of historical fact may constitute forward-looking statements for purposes of the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended. The words “may,” “would,” “should,” “could,” “will,” “likely,” “possibly,” “expect,” “anticipate,” “intend,” “indicate,” “estimate,” “target,” “potentially,” “promising,” “probably,” “outlook,” “predict,” “contemplate,” “continue,” “plan,” “forecast,” “project,” “are hopeful,” “are optimistic,” “are looking,” “are looking forward” and “believe” or other similar words and phrases may identify forward-looking statements. We look forward to combining the strengths of our businesses and the potential to capitalize on the benefits inherent in this transaction to deliver enhanced value to our shareholders.”The conference call information is as follows:
EnerSys' Alpha Group Buyout to Strengthen Earnings Prospects Zacks December 11, 2018 EnerSys ENS recently announced that it has completed the acquisition of the Alpha … The equity component of the consideration resulted in Fred Kaiser, the Alpha Group’s founder, owning approximately 3% of EnerSys following the acquisition. The acquisition of the Alpha Groupwill accelerate and advance EnerSys’ competitive position and enable it … Persons reading this press release are cautioned that such statements are only predictions, and that EnerSys’ actual future results or performance may be materially different.Shaffer continued, stating “this transaction will significantly strengthen EnerSys’ competitive position, both in the current market as well as over the long term. This is a new area for the Pennsylvania, US … EnerSys Announces Agreement to Acquire the Alpha Technologies Group of Companies, Creating the Only Complete Power Solution Provider for Broadband, Telecom and Energy Storage Systems. Outdoor equipment enclosure products are utilized in the telecommunication, cable, utility, transportation industries and by government and defense customers. Under the terms of the acquisition agreement, EnerSys acquired the Alpha Group for $750 million consisting of $650 million in cash and $100 million in EnerSys shares. Highlights. With our Alpha acquisition, EnerSysexpanded its portfolio to become the only fully integrated DC power and energy storage solution provider for broadband, telecom and energy storage systems.
READING, Pa., Dec. 10, 2018(GLOBE NEWSWIRE) -- EnerSys(NYSE: ENS) announced today that it has completed its acquisition of the Alpha Technologies Groupof companies (the “Alpha Group”). November 8, 2018: Battery manufacturer EnerSys announced on October 29 it was keen to move into energy storage markets with its $750 million acquisition of the Canadian firm Alpha Technologies, a provider of AC, DC and renewable power for telecoms, cable, broadband and other systems.