DexKo Global, which makes heavy truck trailer running gear, chassis assemblies and related components, has acquired Safim SpA, a supplier of hydraulic braking system components used in off-highway equipment.
Based in Modena, Italy, Safim manufactures primarily in factories in Modena and Pune, India and supplies customers worldwide.
"We are excited to continue to grow our business through the acquisition of Safim," said DexKo CEO Fred Bentley.
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""This acquisition further extends DexKo's reach into new products and end-markets and provides additional avenues for organic and inorganic growth.
Harald Hiller, president and CEO of 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."
DexKo Global is a portfolio company of KPS Capital Partners which in turn is the manager of the KPS Special Situations Funds, a family of investment funds with approximately US$5.1bn of assets under management.
