Subject to the fulfillment of closing conditions, EnerSys predicts the buyout to be completed in the coming 15 days. Strengthening Portfolio Through Buyouts We believe that the above-mentioned transaction is consistent with EnerSys' policy of acquiring businesses to gain access to new customers, regions and product lines. In December 2019, the company acquired Alpha Technologies Group of Companies, which has been strengthening its product portfolio across the telecom, broadband, industrial and renewable markets. EnerSys anticipates realizing annualized synergies of roughly $25 million from this buyout.