Novi-based DexKo Global Inc., a leader in engineered trailer running gear, chassis assemblies, and related components, announced that its subsidiary, AL-KO Vehicle Technology Group GmbH, has partnered with London-based H2 Equity Partners to acquire Dutch towbar manufacturer Brink International.
Financial terms of the transaction were not disclosed. The deal is subject to closing conditions and regulatory approval.
Brink product portfolio includes fixed, detachable, retractable, and next generation towbars. More than 25 million vehicles globally are equipped with Brink products. With the acquisition, DexKo will expand its technological scope due to the connection between towbars and trailer couplings.
“We are incredibly excited about adding Brink to our portfolio. Brink offers a leading market position and another premium brand to DexKo. The company is characterized by its wide range of high quality, innovative products, and the superior service it provides to customers,” says Fred Bentley, CEO of DexKo.
“The strategic fit between Brink and DexKo could not be better. Both companies offer a highly engineered product portfolio critical to safety and performance. This acquisition allows us to expand our product portfolio and operations footprint and gives us access to new regions,” says Harald Hiller, president and CEO of AL-KO.
Brink Group, with its headquarters in Staphorst, the Netherlands, has approximately 700 employees in eight countries and manufacturing locations in the Netherlands, France, South Africa, and Thailand. More information is available here.
DexKo Global was founded in late 2015 through the combination of Dexter and AL-KO Vehicle Technology. The company has more than 5,000 employees with 50 production facilities and 50 distribution centers.
In addition to towbars DexKo also offers light-, medium-, and heavy-duty axles, standard and motorized chassis’, air suspension systems, leaf springs, electronic components, and more.