EnerSys (NYSE:ENS) Files An 8-K Other Events
Item 8.01Other Events.
On March 22, 2019, EnerSys settled its previously disclosed proceeding involving the German Competition Authority related to EnerSys’ reserve power battery business by agreeing to pay a fine of €6.5 million (or approximately $7.4 million), which is payable by April 5, 2019.
About EnerSys (NYSE:ENS)
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries. Its segments based on geographic regions consist of Americas, which consists of North and South America; EMEA, which includes Europe, the Middle East and Africa, and Asia, which includes Asia, Australia and Oceania. The Company’s product lines include reserve power and motive power products. Its Reserve power products also include thermally managed cabinets and enclosures for electronic equipment and batteries. The Company’s motive power products are used to provide power for electric industrial forklifts used in manufacturing, warehousing and other material handling applications. They are used as mining equipment, diesel locomotive starting and other rail equipment.
