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READING, Pa., March 03, 2022 (GLOBE NEWSWIRE) — EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today that it has begun the process of indefinitely suspending its operations in Russia following Russia’s illegal military action against a sovereign Ukraine.
David M. Shaffer, President and Chief Executive Officer of EnerSys, stated, “We are deeply saddened by the violence in Ukraine and stand firmly with the Ukrainian people. As the situation continues to unfold, our top priority is the safety of our employees in Ukraine and in Russia. We are suspending our operations in Russia and will comply fully with all sanctions.”
The Company has 8 employees in Ukraine and 43 in Russia. It does not expect the suspension to have a material impact on financial results.
About EnerSys:
EnerSys is the global leader in stored energy solutions for industrial applications, manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Energy Systems, which combine enclosures, power conversion, power distribution and energy storage, are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Motive power batteries and chargers are utilized in electric forklift trucks and other industrial electric powered vehicles. Specialty batteries are used in aerospace and defense applications, large over-the-road trucks, premium automotive, medical and security systems applications. EnerSys also provides aftermarket and customer support services to its customers in over 100 countries through its sales and manufacturing locations around the world. With the NorthStar acquisition, EnerSys has solidified its position as the market leader for premium Thin Plate Pure Lead batteries which are sold across all three lines of business.
More information regarding EnerSys can be found at www.enersys.com.