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DexKo Global to Acquire Dutch Towbar Manufacturer Brink International
Thursday 22 July 2021

US-based trailer running gear, chassis assemblies, and related components maker DexKo Global's AL-KO Vehicle Technology Group GmbH subsidiary has entered into an agreement with H2 Equity Partners to acquire the Dutch towbar manufacturer Brink International, the company said.

Financial terms of the transaction were not disclosed. The transaction is subject to customary closing conditions and regulatory approval.

Founded in 1903, Brink has more than 100 years of expertise in the manufacturing industry. The company's product portfolio includes fixed, detachable, retractable and next generation towbars. More than 25 m vehicles globally are equipped with Brink products.

DexKo said the connection between towbars and trailer couplings expands its technological scope.

The AL-KO Vehicle Technology Group is a globally active technology group.

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 TODAY generates sales of around 800 m US dollars with around 3,000 employees and more than 30 sites worldwide.

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

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 50 production facilities and 50 distribution centers.

DexKo Global Inc. has a turnover of more than USD 2bn and AL-KO is a wholly owned subsidiary of DexKo Global, Inc. and has been a manufacturer of trailer axles and trailer brakes for over 60 years for utility trailer, recreation vehicle, heavy duty, manufactured housing, agricultural, marine, and specialty trailer applications.

KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with approximately USD 12.8bn of assets under management (as of March 31, 2021).
Details
Date Published: 22/07/2021

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