DexKo Global Inc., a supplier of trailer running gear, chassis assemblies and related components, announced that it has acquired Safim S.p.A. based in Modena, Italy. Founded in 1977, Safim manufactures engineered hydraulic braking system components used in a range of off-highway equipment applications at 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 DexKo CEO Fred Bentley. “Safim is an innovative leader in its product categories with a legacy built on providing exceptional products to customers. 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 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 LP (“KPS”). KPS is the manager of the KPS Special Situations Funds, a family of investment funds.