DexKo Global acquires electronics specialist Nordelettronica

The strategic acquisition expands AL-KO’s product portfolio in the area of electronic components for recreational vehicles and provides access to new growth segments.

Founded in 1978, Nordelettronica operates two product development and production sites in Italy and Romania. Nordelettronica’s 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.

With the acquisition of Nordelettronica, AL-KO is expanding its expertise in electronic components, enhancing the offerings of CBE S.r.l., one of the leading manufacturers of electronic solutions for leisure and commercial vehicles.

Fred Bentley, CEO of DexKo Global, said: "We are very pleased that Nordelettronica is now part of the DexKo family. 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."

Harald Hiller, President & CEO of AL-KO, said: "The acquisition of Nordelettronica enhances our product portfolio in the RV electronics sector. Together with CBE, we will build on many years of knowhow and expertise to provide our combined customer base with reliable, high-performance products.”

Luciano Rizzioli, founder of Nordelettronica, said: "It was important for the Nordelettronica shareholders to find strong partners in DexKo and AL-KO to support the continued growth of the business. 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.”

The transaction closed on November 30, 2020. Financial details of the transaction were not disclosed. Sell-side advisors were Pietro Calzavara of the law firm BM&A (Treviso) as well as AP Advisors (London). AL-KO was advised by Chiomenti (Milan).