Reading, Pa., September 28, 2011 — EnerSys entered into a definitive agreement to launch a joint venture in Germany to produce large format lithium-ion battery cells.
EnerSys and GAIA have had a distribution agreement for the past three years. This joint venture will expand the relationship between the two companies. A new company has been formed, EAS Germany GmbH, which will further the development and production of lithium-ion based solutions for space, naval, marine, renewable energy and specialty high power applications for EnerSys. The joint venture will also provide certain products to LTC for their customers in the transportation sector.