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Quallion enters sale agreement

Posted: October 30, 2013 2:00 a.m.
Updated: October 30, 2013 2:00 a.m.

Quallion LLC lab employees work in the dry room in 2011to avoid contamination.

 


Quallion, a manufacturer of lithium-ion batteries used in biomedical applications, aerospace, space, defense and automotive industries in Sylmar and Santa Clarita, entered into an agreement to be sold to EnerSys for $30 million.

Headquartered in Sylmar, Quallion was co-founded by Alfred E. Mann in 1998.

“It will stay in Sylmar and Santa Clarita and still go by Quallion,” said a spokesperson for the company. “It will just have new owners.”

“This acquisition provides EnerSys with an entry into the rapidly growing medical device battery markets for both implantable and external devices,” said John D. Craig, chairman, president and chief executive officer of EnerSys in a statement to the press on Tuesday.

EnerSys, based in Reading, Pennsylvania, provides stored-energy applications for industrial applications to customers in 100 countries through its sales and manufacturing locations around the world.

The United States government’s Title III investment of $65 million in Quallion’s cathode and anode production equipment gives EnerSys the capability to produce lithium ion materials and for satellite batteries, Craig said.

The merger will make the publicly traded EnerSys the largest domestic provider of battery technology to the space industry, he said.

The closing of the transaction is subject to customary closing conditions.

Shares of EnerSys closed at $66.89, a 52-week high, at close of trading Tuesday after the announcement was made.

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