EnerSys Profile
EnerSys provides stored energy solutions for industrial applications worldwide.
The company also 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.
The company also provides aftermarket and customer support services to over 10,000 customers in more than 100 countries through a network of distributors, independent representatives, and its internal sales force around the world.
Segments
The company operates through three segments: Energy Systems, Motive Power, and Specialty.
Energy Systems, which combine enclosures, power conversion, power distribution and energy storage are used in the telecommunication and broadband, 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 and medical.
Energy Systems
This segment provides uninterruptible power systems (UPS) applications for computer and computer-controlled systems used in data centers, as well as telecommunications systems, switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage and energy pipelines. This segment also includes highly integrated power solutions and services to broadband, telecom, renewable and industrial customers, as well as thermally managed cabinets and enclosures for electronic equipment and batteries.
Motive Power
This segment provides power for electric industrial forklifts used in manufacturing, warehousing and other material handling applications, as well as mining equipment, diesel locomotive starting and other rail equipment.
Specialty
This segment provides premium batteries for starting, lighting and ignition applications in premium automotive and large over-the-road trucks, energy storage solutions for satellites, military land vehicles, aircraft, submarines, tactical vehicles, as well as medical devices and equipment.
Customers
The company serves over 10,000 customers in over 100 countries, on a direct basis or through its distributors.
The company’s Energy Systems customers consist of both global and regional customers. These customers are in diverse markets, including telecommunication and broadband services, data centers, electric utilities, emergency lighting, renewable energy, and industrial utilities.
The company’s Motive Power products are sold to a large, diversified customer base. These customers include material handling equipment dealers, forklift and heavy truck original equipment manufacturers (OEMs) and end users of such equipment. End users include manufacturers, distributors, warehouse operators, retailers, airports, mine operators and railroads.
The company’s Specialty products are utilized in transportation, primarily in premium automotive and large over-the-road trucking, aerospace and defense and medical markets. The products are sold globally to OEMs, distribution partners, vehicle fleets and directly to government entities, such as the United States of America, Germany, and the United Kingdom.
Distribution and Services
The company distributes, sells and services its products throughout the world, principally through company-owned sales and service facilities, as well as through independent manufacturers’ representatives. The company-owned network allows it to offer high-quality service, including preventative maintenance programs and customer support. The company’s warehouses and service locations enable it to respond quickly to customers in the markets it serves.
Competition
Energy Systems
The company competes principally with East Penn Manufacturing, Exide Technologies (Stryten), Fiamm, SAFT, New Power, C&D Technologies Inc., Vertiv, ABB, Amphenol, and Eltek (a Delta Group company).
Motive Power
The company’s primary global competitors in traditional lead-acid include East Penn Manufacturing, Exide Technologies (Stryten), Hoppecke, Eternity, Midac, Sunlight and TAB.
Specialty
The company’s major competitors in absorbed glass materials (AGM) technology are Clarios, East Penn Manufacturing, Exide Technologies (Stryten), Fiamm, Banner and Atlas. In the Aerospace and Defense specialized markets, the company’s main competitors are Eagle Picher and SAFT.
Seasonality
Historically, the company’s fourth quarter (year ended March 31, 2023) is its best quarter with higher revenues and generally more working days while its second quarter is the weakest due to the summer holiday season in Western Europe and North America.
Environmental Matters
The company is required to comply with the regulation issued from the European Union called Registration, Evaluation, Authorization and Restriction of Chemicals or ‘REACH’.
History
The company was incorporated in 2000. The company was formerly known as Yuasa, Inc. and changed its name to EnerSys in 2001.
