DexKo Global Inc., the Novi-based supplier of highly engineered trailer running gear, chassis assemblies, and related components, has acquired Nordelettronica, an electronics company based in Italy, through its AL-KO subsidiary.
The transaction closed Nov. 30. Financial details of the transaction were not disclosed.
The acquisition expands AL-KO’s product portfolio in the area of electronic components for recreational vehicles and provides access to new growth segments.
“We are very pleased that Nordelettronica is now part of the DexKo family,” says Fred Bentley, CEO of DexKo Global. “The company is characterized by its flexibility and providing electronics solutions targeted to its customers’ needs. Nordelettronica is an ideal fit with DexKo and will further improve our product range and service to customers.”
Founded in 1978, Nordelettronica operates product development and production sites in Italy and Romania. Its 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.
“The acquisition of Nordelettronica enhances our product portfolio in the RV electronics sector,” says Harald Hiller, president and CEO of AL-KO. “Together with CBE, we will build on many years of know-how and expertise to provide our combined customer base with reliable, high-performance products.”
With the acquisition, AL-KO is expanding its expertise in electronic components, enhancing the offerings of CBE, one of the leading manufacturers of electronic solutions for leisure and commercial vehicles.
“It was important for the Nordelettronica shareholders to find strong partners in DexKo and AL-KO to support the continued growth of the business,” says Luciano Rizzioli, founder of Nordelettronica. “I would like to thank the management team for the energy and passion they have invested in building the Nordelettronica brand, and I am confident that our customers will benefit from the combination with DexKo.”