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DexKo Global Acquires Italian Electronics Specialist Nordelettronica
Thursday 03 December 2020

US-based trailer running gear, chassis assemblies, and related components maker DexKo Global Inc's AL-KO subsidiary has acquired Italian electronics specialist Nordelettronica S.r.l., the company said.

The strategic acquisition expands AL-KO's product portfolio in the area of electronic components for recreational vehicles and provides access to new growth segments.

Founded in 1978, Nordelettronica operates two product development and production sites in Italy and Romania.

Nordelettronica's focus is in supplying electronic equipment for the RV sector and applications for industrial electronics, such as the industrial cleaning sector.

The company's product portfolio includes battery chargers, low-voltage distribution modules, wire harnesses and control panels.

With the acquisition of Nordelettronica, AL-KO is expanding its expertise in electronic components, enhancing the offerings of CBE S.r.l., one of the leading manufacturers of electronic solutions for leisure and commercial vehicles.

The transaction closed on November 30, 2020. Financial details of the transaction were not disclosed. Sell-side advisors were Pietro Calzavara of the law firm BM and A (Treviso) as well as AP Advisors (London). AL-KO was advised by Chiomenti (Milan).

DexKo Global Inc. is a supplier of advanced chassis technology, chassis assemblies and related components with more than 130 years of experience in trailer and caravan components.

The company 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 44 production facilities and 23 distribution centers.

DexKo Global Inc. has a turnover of more than USD 1.5bn.

The AL-KO Vehicle Technology Group is a globally operating technology company.

With high-quality chassis components for trailers, leisure vehicles and commercial vehicles, the corporate group stands for best functionality, highest comfort and innovations for more driving safety.

The AL KO Vehicle Technology Group includes the 14 international brands AL-KO, Aguti, Bankside Patterson, Bradley, CBE, cmtrailer parts, E and P Hydraulics, G and S Chassis, Hume, Nordelettronica, Preston Chassis, SAFIM, SAWIKO and Winterhoff.

Founded in 1931, the group currently generates sales of round about EUR 550m with around 2,750 employees and over 30 locations worldwide.

The AL KO Vehicle Technology Group is a wholly owned subsidiary of DexKo Global, a portfolio company of KPS Capital Partners.

Established in 1978, Nordelettronica is a manufacturer of electronic components for recreational vehicle applications (control panels, battery chargers, lighting, harnesses) and wound components for industrial applications (switching transformers, input power transformers).

Throughout the years Nordelettronica has built its reputation for providing highly customized products with leading-edge technological content.
Date Published: 03/12/2020