Exide Technologies (NYSE: EX - news) announced today that it has sold its 13.5 percent interest in Yuasa Inc. for $29.9 million. The company expects to report a pre-tax gain of approximately $13.0 million on the sale of the investment in its third fiscal quarter. Proceeds from the sale will be used to reduce debt.

Industrial applications include network power batteries for telecommunications systems, fuel cell load leveling, electric utilities, railroads, photovoltaic and other critical uninterruptible power supply markets; and motive power batteries for a broad range of equipment uses including lift trucks, mining and other commercial vehicles.

Auto market intelligence
from just-auto

• Auto component fitment forecasts
• OEM & tier 1 profiles & factory finder
• Analysis of 30+ auto technologies & more