Add-on Acquisition • Manufacturing

EnerSys Acquires Northstar Sitetel

On September 20, 2019, EnerSys acquired manufacturer Northstar Sitetel from Altor Equity Partners

Acquisition Context
  • This is EnerSys’ 1st transaction in the Manufacturing sector.
  • This is EnerSys’ 1st transaction in Sweden.

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M&A Deal Summary

Date September 20, 2019
Target Northstar Sitetel
Sector Manufacturing
Buyer(s) EnerSys
Sellers(s) Altor Equity Partners
Deal Type Add-on Acquisition

Target Company

Northstar Sitetel

Stockholm, Sweden
Northstar Sitetel has rapidly become one of the leading global producers of high performance, lead-acid batteries and has developed a strong telecom OEM offering of standby power systems through its SiteTel division.
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Buyer Overview 1

Buyer

EnerSys

Reading, Pennsylvania, United States

Category Company
Founded 2000
Sector Electrical Equipment
Employees10,797
Revenue 3.6B USD (2024)
DESCRIPTION

EnerSys is a provider of stored energy solutions for industrial applications, manufactures and distributes reserve power and motive power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. EnerSys was founded in 2000 and is based in Reading, Pennsylvania.


Deal Context for Buyer #
Overall 19 of 21
Sector: Manufacturing 1 of 1
Type: Add-on Acquisition 11 of 13
Country: Sweden 1 of 1
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-14 The Enser - Lithium Battery Manufacturing Business

United States

The Enser Corp. - Lithium Battery Manufacturing Business is a manufacture of thermal batteries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-06 IBCS

South Yorkshire, United Kingdom

IBCS is a provider of battery service and maintenance solutions in the UK. With a focus on quality, safety, and customer service, IBCS helps businesses maximize the performance and lifespan of their battery systems. IBCS was founded in 1984 and is based in South Yorkshire, United Kingdom.

Buy -

Seller Profile 1

SELLER

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.


Deal Context for Seller #
Overall 32 of 55
Sector: Manufacturing 2 of 2
Type: Add-on Acquisition 17 of 26
Country: Sweden 11 of 21
Year: 2019 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-12 BTI Studios

Stockholm, Sweden

BTI Studios is a provider of subtitling and dubbing services to broadcasters and other media companies. BTI Studios is a provider of subtitling in about 40 languages and has a number of leading broadcasters and Home Entertainment companies as customers. BTI has achieved significant growth in recent years and holds a solid market position based on a reputation for high quality, delivery precision and significant production capacity in many different local European markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-25 SATS

Oslo, Norway

SATS is a pan-Nordic health and fitness chain, operating under SATS, Elixia and Fresh Fitness brands. It has over 700,000 members and 220 clubs in Finland, Norway and Sweden. SATS was founded in 1995 and is based in Oslo, Norway.

Sell -