DexKo Global and BPW Fahrzeugtechnik come to terms regarding an acquisition
DexKo Global, a global leader in highly engineered running gear technology and chassis assemblies and related components, has expanded the operations of AL-KO Vehicle Technology through the acquisition of BPW Fahrzeugtechnik, a wholly-owned subsidiary of BPW Bergische Achsen KG and based in Paderborn, North Rhine-Westphalia. The transaction closed on February 28th, 2017.
BPW Fahrzeugtechnik’s focus is on the development and manufacturing of trailer running gear in the low axle load range. The company, which has approximately 200 employees, is an established manufacturer of high-quality and reliable running gear products.
Fred Bentley, CEO at DexKo Global: “We look forward to being able to access the proven expertise of BPW Fahrzeugtechnik. True to our corporate theme “together is better”, we will be utilizing the available synergies to continue the dynamic, further development of our companies.”
Harald Hiller, President and CEO of AL-KO Vehicle Technology elaborates: “The combination of AL-KO Vehicle Technology and BPW Fahrzeugtechnik will strengthen the portfolio of our core business, provide us access to proven know-how and guarantee our customers top products of the highest quality.”
Markus Schell, General Partner of BPW Bergische Achsen KG: “All parties will benefit from this agreement. Within the BPW Group, we will be able to now focus on our core business, the development of system solutions and services for goods transport and logistics. The staff of BPW Fahrzeugtechnik, along with AL-KO Vehicle Technology, will continue to be part of a globally active, long-established company with a long-term strategic focus.”
Both parties have agreed not to disclose the transaction price.
