EnerSys' batteries are there when industrial-strength power is needed. The company makes stationary industrial batteries that provide uninterruptible power and backup power for electronic systems and motive power batteries for big equipment, such as forklifts. Other products include battery chargers and accessories and batteries used for industrial and military applications. The battery manufacturer sells directly and through distributors to more than 10,000 customers in more than 100 countries. It serves distributors, warehouse operators, retailers, airports, and mine operators as well as customers in the telecom, electric utilities, emergency lighting, security systems, and space satellites markets.
EnerSys distributes its battery products through two product lines: reserve power products and motive power products. Reserve power batteries are marketed under the ABSL, ABSL Power, ABSL Space, ArmaSafePlus, Cyclon, DataSafe, Genesis, Hawker, Huada, Odyssey, Oerlikon Battery, PowerSafe, and SuperSafe brands; motive power batteries, under the Douglas Battery, Express, Fiamm Motive Power, General Battery, Hawker, Huada, and Ironclad brands. Each segment contributes about half of the company's sales each year. EnerSys operates globally through three geographic regions of the world: Americas (headquarters in Pennsylvania), Europe (Switzerland), and Asia (Singapore).
With the manufacturing sector finally rebounding from the painful effects of the recession in 2010, EnerSys has prospered significantly over the last few years. Net sales from 2011 to 2012 increased by 16%, from $1.96 billion to $2.28 billion. Its profits also jumped from $113 million to $144 million, an increase of around 27%. Both these totals were the highest numbers the company has achieved in its history. It attributes most of the growth to an increase in organic sales, its ongoing cost savings programs, price increases for its products, and a $73 million revenue boost from previous acquisitions.
EnerSys' growth strategy centers around strategic joint ventures and acquisitions. In early 2012, it established a new joint venture in India to produce batteries for industrial applications. EnerSys has majority ownership in the joint venture with Energy Leader Batteries India Limited, an industrial battery produced based in India. The company established previous joint ventures located in Germany (EAS Germany GmbH, which produces large format lithium-ion cells) and South Africa (Powertech Batteries, producer of batteries for industrial uses).
In 2011 EnerSys bought ABSL Power Solutions, a UK-based manufacturer of lithium-ion batteries. ABSL Power Solutions supplies lithium-ion cells and batteries for defense and aerospace applications, such as satellite systems, to Europe and the US. Also that year, EnerSys obtained battery manufacturing assets from Greece-based partner Ergon Batteries. The deal bolstered the company's distribution and services operations in the region. Months later, the company snapped up South America-based Industrial Battery Holding, a maker of reserve and motive power batteries, chargers, power equipment and accessories for industrial applications, mostly forklifts and other electric powered equipment.
The previous year, EnerSys swallowed up industrial battery maker Douglas Battery. The acquisition added a strong brand and battery designs, along with established distribution channels and customer base. Douglas Battery products included motive power and stationary batteries used in construction, medical, and telecommunications applications. EnerSys retained the Douglas brand, sales team, and distributors.
Like rival Exide Technologies, EnerSys traces its corporate roots back to the formation of The Electric Storage Battery Company (ESB) in the late 19th century. The corporate predecessors of EnerSys came out of ESB's industrial battery business. – less