8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported):   June 19, 2007


                             C&D Technologies, Inc.
             (Exact name of registrant as specified in its charter)

          Delaware                     1-9389                  13-3314599
(State or other jurisdiction  (Commission File Number)       (IRS Employer
     of incorporation)                                     Identification No.)


     1400 Union Meeting Road, Blue Bell, Pennsylvania              19422
         (Address of principal executive offices)               (Zip Code)

Registrant's telephone number, including area code:  (215) 619-2700


                                       N/A
          (Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))



Item 1.01.  Entry into a Material Definitive Agreement.

            On June 19, 2007, C&D Technologies, Inc. ("Company") entered into a
definitive agreement ("Agreement") with Murata Manufacturing Co., Ltd. of Japan
("Murata") pursuant to which the Company has agreed to sell its Power
Electronics Division ("PED"). The PED manufactures various devices relating to
electronic power supply and conversion, and is comprised of various entities
within the Company's affiliated group, including NCL Holdings Limited, C&D
Technologies de Mexico S.A. de C.V., Datel Holding Corporation, C&D Dynamo
Corporation, Dynamo Acquisition Corporation, C&D Technologies (CPS) LLC and
their respective subsidiaries (other than, in the case of NCL Holdings Limited,
its subsidiary C&D Technologies (UK) Limited) engaged in the PED business and
certain related assets.

            Under the terms of the Agreement, the cash consideration to be paid
to the Company at the closing of the transaction is $85 million, subject to a
post-closing working capital adjustment.

            The Agreement contains customary representations and warranties by
the Company for the most part relating to the PED and its business. It also
contains agreements regarding operation of the PED in the ordinary course
pending closing and other matters relating to the parties' obligations prior to
and after closing. In such regard, the Company agrees that it will not compete
with the products of business being sold for a period of five years following
closing, but excluding electrical components and electronic products
incorporated in or sold with or as accessories for industrial batteries.

            The Agreement contains indemnification provisions typical for this
type of transaction, including indemnification regarding tax obligations,
breaches of representation or warranty, breaches of covenants and agreements,
and regarding certain previously disposed of or


                                       -2-


dissolved entities or facilities. The indemnification obligations regarding
breaches of certain of the representations or warranties are limited by a
threshold of $850,000 and a cap of $8.5 million.

            The parties' obligations to consummate the transaction are subject
to customary conditions, including governmental regulatory approvals and
clearances, approval of the Company's lenders, and certain other consents. The
transaction is targeted to close on or before August 31, 2007.

            A copy of the press release announcing the execution of the
Agreement is filed with this report as Exhibit 99.1.

Item 9.01.   Financial Statements and Exhibits.

      (d)   Exhibits

      Exhibit No.             Description


      99.1                    Press Release of C&D Technologies, Inc. dated
                              June 19, 2007


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                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                                          C&D TECHNOLOGIES, INC.
                                              (Registrant)



Dated:  June 20, 2007                     By:   /s/ Ian J. Harvie
                                                ------------------
                                                Ian J. Harvie
                                                Vice President and
                                                Chief Financial Officer


                                       -4-

EX-99.1

                                                                    EXHIBIT 99.1


C&D TECHNOLOGIES, INC.
    ----------------------------------------------------------------------------
    Power Solutions
                                                      1400 Union Meeting Road
                                                      Blue Bell, PA 19422
                                                      Phone: 215-619-2700
                                                      Fax:   215-619-7841
Contacts:
Ian Harvie of C&D: 215-619-7835
Joseph Crivelli of Gregory FCA, for C&D: 610-642-8253

                              For Immediate Release


          C&D TECHNOLOGIES AGREES TO SELL POWER ELECTRONICS DIVISION TO
                      MURATA MANUFACTURING FOR $85 MILLION


Blue Bell, Pa., June 19, 2007 -- C&D Technologies, Inc. (NYSE:CHP) today
announced the signing of a definitive agreement to sell its Power Electronics
Division (PED) to Murata Manufacturing Co., Ltd of Japan (Murata) for $85
million cash, subject to customary working capital adjustments. The transaction
is subject to regulatory and other approvals.

With annual revenues of over $185 million, PED is a world-leading manufacturer
of DC/DC converters, AC/DC power supplies, magnetics, data acquisition devices
and panel meters. PED's global customer base includes many of the most respected
Tier I electronics manufacturers.

Murata is one of the world's leading providers of ceramic based components,
sensors and integrated electronic modules, including power supplies. The
Company, headquartered in Kyoto, Japan, has over 29,000 employees worldwide and
over $4.8 billion in annual sales.

Dr. William Bachrach, General Manager of PED commented, "This transaction allows
the Power Electronic Division to bring a broader range of products to our
existing customers, enables a new range of customers for our existing products
and will improve our overall global competitiveness. Our combination with Murata
provides a powerful platform for the future. We are honored to be joining such a
respected and longstanding force within the electronics industry."

"The sale of our Power Electronics Division to Murata delivers a good outcome to
C&D shareholders by providing the Company with liquidity to de-lever its balance
sheet, fund important cost reduction programs and invest in additional growth
initiatives within our Power Systems Division," stated Dr. Jeffrey Graves,
President and Chief Executive Officer. "At the same time, our valued power
electronics customers can look to a strong future knowing that PED will have
additional resources to continue to meet and exceed the needs of their
business."

As a result of the signing of this agreement, PED will be reflected in the
Company's future consolidated financial statements as a discontinued operation.



About C&D Technologies

C&D Technologies, Inc. provides solutions and services for the switchgear and
control (utility), motive (material handling), telecommunications, and
uninterruptible power supply (UPS) as well as emerging markets such as solar
power. C&D Technologies engineers, manufactures, sells and services fully
integrated reserve power systems for regulating and monitoring power flow and
providing backup power in the event of primary power loss until the primary
source can be restored. Through our Power Electronics Division, we manufacture
and market custom, standard and modified-standard electronic power supply
systems, including DC to DC converters, for large OEMs of telecommunications and
networking equipment, as well as office and industrial equipment. The division
also manufactures power conversion products sold into military and CATV
applications as well as digital panel meters and data acquisition components.
C&D Technologies' unique ability to offer complete systems, designed and
produced to high technical standards, sets it apart from its competition. C&D
Technologies is headquartered in Blue Bell, PA. For more information about C&D
Technologies, visit http://www.cdtechno.com.

Forward-looking Statements:

This press release may contain forward-looking statements (within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934), which are based on management's current expectations and
are subject to uncertainties and changes in circumstances. Words and expressions
reflecting something other than historical fact are intended to identify
forward-looking statements, but are not the exclusive means of identifying such
statements. Factors that appear with the forward-looking statements, or in the
company's Securities and Exchange Commission filings (including without
limitation the company's annual report on Form 10-K for the fiscal year ended
January 31, 2007, or the quarterly and current reports filed on Form 10-Q and
Form 8-K thereafter), could cause the company's actual results to differ
materially from those expressed in any forward-looking statements made herein.