EnerSys to Acquire Alpha Technologies

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EnerSys (NYSE: ENS) announced on October 29 that it has entered into an agreement which will see the company acquire all issued and outstanding shares of select entities belonging to the Alpha Technologies. The deal is valued at approximately $750 million, $650 million of which will be paid for in cash with the rest being paid out in shares of EnerSys. Upon completion of the deal, approximately $600 million will be added to EnerSys’ annualized revenue. David M. Shaffer, President and CEO at EnerSys, stated, “With Alpha, we hope to gain immediate scale, diversify our served end-markets and increase our exposure to industries with attractive secular growth dynamics. We believe that our significantly expanded product portfolio across the broadband, telecom, renewable and industrial markets, and our integrated solutions approach with systems, software and services will uniquely position us to better serve our customers across all end markets and drive innovation. We look forward to welcoming the Alpha organization to the EnerSys family.” Goldman Sachs and Evercore are acting as financial advisers to EnerSys with Holland & Knight LLP and Reed Smith LLP serving as legal advisers.
WildHorse Resource Development Corp & Chesapeake Energy Corp

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