DexKo Global has signed an agreement to acquire Brink International
DexKo Global Inc ("DexKo") has reached an agreement to acquire the European towbar solutions specialist Brink International. The Netherlands-based company expands DexKo's portfolio into the area of engineered towing and carrying solutions.
NOVI, Mich., KÖTZ, Germany, and STAPHORST, Netherlands, July 20, 2021 /CNW/ -- DexKo Global ("DexKo"), a global leader in highly engineered trailer running gear, chassis assemblies, and related components, is pleased to announce that its subsidiary AL-KO Vehicle Technology Group GmbH ("AL-KO") has entered into an agreement with H2 Equity Partners to acquire the Dutch towbar manufacturer Brink International ("Brink"). 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 million vehicles globally are equipped with Brink products. The connection between towbars and trailer couplings expands DexKo's technological scope.
Fred Bentley, CEO at DexKo, emphasized the importance of this transaction: "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."
Harald Hiller, President and CEO at AL-KO, continued: "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."
Sven Arend, CEO at Brink, added: "This transaction brings great opportunities for both companies. We look forward to working with the DexKo and AL-KO teams and to further developing the business together."
About AL-KO Vehicle Technology Group
About DexKo Global
About Brink Group
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SOURCE DexKo Global Inc.