Purcell Systems is a designer, manufacturer and marketer of thermally managed electronic equipment and battery cabinet enclosures for customers in telecommunication, broadband, utility, rail and military applications.
EnerSys chairman, president and CEO John Craig said, "We look forward to welcoming the Purcell organization to the EnerSys family and are excited to be able to provide our customers with fully integrated solutions that will ease their equipment deployment process. We look forward to expanding our strategic partnerships with our existing customers and launching the Purcell brand into new and emerging markets."
"Purcell’s products and services are a natural extension of EnerSys’ stored energy market leadership. Purcell sales are currently in excess of $100m per year and we anticipate that this transaction will be accretive to our earnings by 15 to 20 cents per diluted share in the first year." Craig added.
The closing of the transaction is subject to customary regulatory and closing conditions being satisfied.
