DexKo Global Inc., a provider of trailer running gear, chassis assemblies and related components, has signed a definitive agreement to acquire Aguti Product & Design, according to a press release.
Based in Germany, Aguti is a leading provider of seat systems and seat-connections for motorhomes, electric vehicles and specialty vehicles, according to a press release. The acquisition enables AL-KO Vehicle Technology, a subsidiary of DexKo, to expand its portfolio to include seats and seating system solutions for commercial and leisure vehicles and to continue the group’s strong growth trajectory.
Since its founding in 1992, Aguti has been designing seating systems specially tailored to its customers’ requirements for style, flexibility, safety and ergonomics. The acquisition enables AL-KO to continue to execute its long-term growth strategy and further diversify its business. The management team led by company founder and managing partner Andreas Grieger and managing director Sebastian Janssen will remain with the business, and the Aguti brand also will continue in its existing form as a product brand under the AL-KO umbrella brand.
Fred Bentley, CEO of DexKo, commented, “We are very happy that Aguti will become part of the DexKo family. Aguti distinguishes itself through high-quality and innovative products and enjoys an excellent reputation with business partners and customers. It’s a perfect match with DexKo. We will continue to pursue such value-adding partnerships that improve our product offering and service level in the future.”
Financial terms of the transaction were not disclosed. The transaction is subject to customary closing conditions and regulatory approval.