EnerSys acquires lithium battery business

  • 14-Mar-2011 12:41 EDT

EnerSys has purchased the lithium-ion battery business ABSL Power Solutions Ltd. from CIP Industries L.P. Inc., which was represented by XMS Capital Partners in the transaction. ABSL has been supplying lithium-ion cells and batteries for defense and aerospace applications in Europe and the U.S. since 2000, drawing on the scientific and industrial traditions of the U.K.'s AEA Technology, which formed the business in the 1970s. ABSL has supplied batteries for more than 70 space satellite systems along with instrumentation systems for various space missions. Additionally, ABSL batteries are used by soldiers around the world in portable communication systems. ABSL has operations in Longmont, CO; Thurso, Scotland; and Culham, England.

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