DexKo Global Closes Acquisition of Preston Chassis Industries.
M2 EQUITYBITES-June 7, 2019-DexKo Global Closes Acquisition of Preston Chassis Industries
(C)2019 M2 COMMUNICATIONS http://www.m2.com
7 June 2019 - Michigan, US-based trailer running gear and chassis assemblies company DexKo Global Inc has acquired Australia-based Preston Chassis Industries Pty Ltd through its wholly-owned Australian subsidiary AL-KO International Pty Ltd., the company said.
PCI manufactures chassis and other products from multiple facilities in Campbellfield, Victoria.
Financial terms of the transaction were not disclosed.
KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with approximately USD 5bn of assets under management (as of March 31, 2019).
For over two decades, the Partners of KPS have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a range of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing.
The KPS Funds' portfolio companies currently have aggregate annual revenues of approximately USD 5.8bn, operate 100 manufacturing facilities in 27 countries, and have over 22,000 employees, directly and through joint ventures worldwide.
DexKo Global is a supplier of advanced chassis technology, chassis assemblies and related components with more than 130 years of experience in trailer and caravan components. DexKo Global was founded at the end of 2015 through the combination of Dexter and AL-KO Vehicle Technology.
With its headquarters in Novi, Michigan, the company employs more than 5,000 associates with 43 production facilities and 22 distribution centers. DexKo Global has a turnover of more than USD 1.5bn.
Founded in 1931, AL-KO Vehicle Technology is now a global technology company with sites in Europe, South America, Asia and Australia.
A supplier of chassis components for trailers, leisure vehicles and light commercial vehicles, AL-KO is synonymous with ergonomic and functional excellence, superb comfort as well as innovations to enhance road safety.
The company specialises in innovation processes. Alois Kober is a wholly owned subsidiary of DexKo Global Inc., a portfolio company of KPS Capital Partners, LP.
((Comments on this story may be sent to email@example.com))
|Printer friendly Cite/link Email Feedback|
|Publication:||M2 EquityBites (EQB)|
|Date:||Jun 7, 2019|
|Previous Article:||Dream Finders Homes Closes Acquisition of Village Park Homes.|
|Next Article:||Inszone Insurance Services Acquires Mosaic Insurance to Further Expand into Arizona Market.|