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The Wall Street Journal: Battery maker EnerSys makes $750 million acquisition to diversify its scope

Battery manufacturer EnerSys is betting it can remake itself with an acquisition meant to tie the firm to growing sectors like telecommunications infrastructure and developing energy-storage systems.

Reading, Pa.-based EnerSys ENS, -0.76% has agreed to pay $750 million for assets owned by the Alpha Group, a private company that sells a range of power equipment used in broadband and telecom networks. EnerSys will pay $650 million in cash for the assets and the remaining $100 million will be paid in either cash or shares.

For EnerSys, the transaction is an effort to shift out of slower-growing end markets and older technologies.

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