DexKo Global Acquires Safim S.p.A.
DexKo Global Inc.(“DexKo”), a global leader in highly engineered trailer running gear, chassis assemblies and related components, is pleased to announce that it has acquired Safim S.p.A. (“Safim”).
Founded in 1977, Safim is a leading manufacturer of highly engineered hydraulic braking system components used in a range of off-highway equipment applications. Based in Modena, Italy, Safim manufactures products primarily in its facilities in Modena and Pune, India and serves customers worldwide across multiple end-markets.
“We are extremely excited to continue to grow our business through the acquisition of Safim,” stated Fred Bentley, Chief Executive Officer of DexKo. “Safim is an innovative leader in its product categories with a legacy built on providing exceptional products to customers.” Bentley added, “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 (“AL-KO”) to continue to grow the combined business.”
Harald Hiller, President and CEO AL-KO, said “Safim’s position as a leading manufacturer of highly engineered products for diverse end-markets fits well with DexKo and AL-KO’s strategy. Safim has grown significantly over the past few years based on its engineering capabilities and customer focus. We are pleased to welcome the Safim team to DexKo and to help them build upon the company’s strong foundation.”
“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” commented Eronne Mamei, founder and Chairman of Safim. “I believe the transaction will bring many opportunities for Safim and its employees, and I look forward to further developing the company together with DexKo”, added Pietro Santoro, Chief Executive Officer of Safim.
DexKo Global is a portfolio company of KPS Capital Partners, LP (“KPS”). KPS is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $5.1 billion of assets under management (as of June 30, 2019).
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