DexKo Global Inc., a supplier of trailer running gear and chassis assemblies and related components, has acquired Preston Chassis Industries Pty Ltd. through its wholly-owned Australian subsidiary AL-KO International Pty Ltd.
According to a press release, PCI manufactures chassis and other products from multiple facilities in Campbellfield, Victoria, and has earned a reputation in the industry for its high-quality products and leading customer service.
DexKo Global CEO Fred Bentley noted, “We are excited to proceed with integrating PCI as part of DexKo Global. PCI has built an impressive legacy based on its commitment to consistently provide high quality products to its loyal customer base. We look forward to building upon PCI’s success by offering existing and new customers more complete and innovative running gear solutions. This acquisition brings us closer to delivering our DexKo 2020 plan by growing our product offering available to our customers.”
“We welcome the PCI team at AL-KO and look forward to a successful integration,” said Harald Hiller, global president and CEO of AL-KO Vehicle Technology. “With the combination of PCI’s chassis know-how and our global manufacturing expertise, we can further enhance our product offering to meet the quality and service requirements of our customers.”
Regulatory approval for the acquisition has been received and the transaction closed on 1st June, 2019. Financial terms of the transaction were not disclosed.