Novi’s DexKo Global Inc., which offers trailer running gear, chassis assemblies, and related components, has acquired Safim, an Italian company that manufactures hydraulic braking system components used in off-highway equipment applications. Terms of the deal were not disclosed.
“Safim is an innovative leader in its product categories with a legacy built on providing exceptional products to customers,” says Fred Bentley, CEO of DexKo.
“This acquisition further extends DexKo’s reach into new products and end-markets and provides additional avenues for organic and inorganic growth. We look forward to uniting the strengths of the Safim team with those of DexKo and AL-KO Vehicle Technology to continue to grow the combined business.”
Safim was founded in 1977 and manufactures its products primarily in facilities in Modena, Italy, and Pune, India. It serves customers worldwide across multiple end markets and has grown in the last few years.
“I am pleased to see Safim joining a successful organization with a significant heritage and a solid global footprint as the natural next step in its long-term journey,” says Eronne Mamei, founder and chairman of Safim.
DexKo Global is a portfolio company of KPS Capital Partners in New York, the manager of the KPS Special Situations Funds, a family of investment funds with about $5.1 billion of assets under management.