DexKo Global completes the acquisition of Preston Chassis Industries Pty Ltd
AL-KO International Pty Ltd
Novi (USA) / Kötz (GER) / Melbourne (AUS) – DexKo Global Inc., a global leader in highly engineered trailer running gear and chassis assemblies and related components, has acquired Preston Chassis Industries Pty Ltd. (“PCI”) through its wholly-owned Australian subsidiary AL-KO International Pty Ltd. (“AL-KO”).
PCI manufactures chassis and other products from multiple facilities in Campbellfield, Victoria and has earned a well-regarded reputation in the industry for its high-quality products and leading customer service.
DexKo Global CEO Fred Bentley said: “We are excited to proceed with integrating PCI as part of DexKo Global. PCI has built an impressive legacy based on its commitment to consistently provide high quality products to its loyal customer base.
We look forward to building upon PCI’s success by offering existing and new customers more complete and innovative running gear solutions. This acquisition brings us closer to delivering our DexKo 2020 plan by growing our product offering available to our customers.”
“We welcome the PCI team at AL-KO and look forward to a successful integration,” said Harald Hiller, global President and CEO of AL-KO Vehicle Technology. “With the combination of PCI’s chassis know-how and our global manufacturing expertise, we can further enhance our product offering to meet the quality and service requirements of our customers.”
Regulatory approval for the acquisition has been received and the transaction closed on 3rd June, 2019. Financial terms of the transaction were not disclosed.
DexKo Global, Inc.
DexKo Global is the world’s leading 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 US$ 1.5 billion.