Credit: Shutterstock photoA premium player in stored energy solutions, EnerSysENS , has successfully acquired certain assets of The Enser Corporation, a leading manufacturer of molten salt "thermal" batteries. The buyout will help EnerSys expand its footprint in the aerospace and defense markets.
Headquartered in Pinellas Park, Florida, Enser makes batteries which are used to power an extensive range of electronics, guidance, and other electrical loads on numerous advanced weapon systems. Enser's uses its proprietary lithium silicon cobalt disulfide chemistry in the products, which delivers higher power density and superior performance critical for state-of-the-art strategic defense weapons and precision-guided weapon systems.
Enser's assets will help EnerSys integrate new technologies into its products, while unlocking opportunities for realizing added synergies to its lithium businesses. The acquisition will broaden its capabilities in the design and development, testing, and automated manufacturing of thermal batteries for the U.S. Department of Defense as well as allied militaries.
In addition, EnerSys will also benefit from the acquiree's established relationships with chief aerospace and defense clients. Specifically, EnerSys will be able to leverage the U.S. Government's Title III investments into Enser's products, technology and facilities, by integrating these superior properties into its own portfolio.
The acquisition is a natural, strategic fit for EnerSys, and will expand its footprint in the aerospace and defense markets.
EnerSys has great interest in exploring strategic acquisitions as a way to strengthen its core business lines. Currently, the company is seeking out potential acquisition targets, in order to expand its footprint in fast-growing markets. The company recently completed the buyout of Australia-based ICS Industries, to complement its current stored energy business, including the reserve and motive power businesses.
EnerSys currently holds a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space that are currently worth a look are Emerson Electric Co. EMR , Regal Beloit Corp. RBC and ESCO Technologies Inc. ESE , each holding a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ESCO TECH INC (ESE): Free Stock Analysis Report
EMERSON ELEC CO (EMR): Free Stock Analysis Report
REGAL BELOIT (RBC): Free Stock Analysis Report
ENERSYS INC (ENS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
