Saft Acquires Hawker Eternacell From Invensys PLC
BAGNOLET, France, Jan. 11 /PRNewswire/ -- Saft, Alcatel's battery activity, has agreed to acquire Hawker Eternacell Inc -- part of Invensys plc's Power Systems Division. The deal was completed on 10th January 2001. The company manufactures primary lithium batteries for military and industrial applications worldwide, for a turnover of approximately $35 million per annum. Hawker Eternacell manufactures three lithium technologies: lithium sulphur dioxide, lithium thionyl chloride and lithium manganese dioxide, which will strengthen Saft's lithium activities. The company, whose main customer is the US military, has assets in the US and the UK, and work is underway to integrate these assets into Saft's Specialty battery group which covers its lithium, space and defense activities. Saft is the battery activity of Alcatel. Alcatel builds next generation networks, delivering integrated end-to-end voice and data solutions to established and new carriers, as well as enterprises and consumers worldwide. With 120,000 employees and sales of EURO 21.3 billion ($25.0 billion), Alcatel operates in more than 130 countries. In the field of telecommunications and power cables, Alcatel offers products, systems and services that meet the growing requirements of three main markets: infrastructure, industry and construction. The batteries and components businesses also form part of this strategy of a global approach to markets, offering integrated solutions for clients who operate on an increasingly international basis. Invensys plc is a global leader in the Automation and Controls industry. With its head office in London, England it operates in all regions of the world through four focused divisions -- Automation Systems, Control Systems, Power Systems and Software Systems. With over 90,000 employees, the company's products and services range from advanced control systems and networks for automating industrial plants and controlling the environments of buildings, to electronic devices and controls found in residential buildings and light commercial applications, plus complete power systems for the telecommunications and information technology industries. For more information on Invensys plc, please visit www.invensys.com .
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