DexKo Global, parent company of Dexter Axle and a global leader in highly engineered running gear technology and chassis assemblies and related components, is planning to expand the core business of AL-KO Vehicle Technology through the acquisition of E&P Hydraulics, based in Nieuw-Vennep, Netherlands, its general importer for Germany, E&P Hydraulics Germany, as well as the company Reisemobil-Service Fischer in Elsdorf, North Rhine Westphalia.
This acquisition will expand AL-KO's product portfolio in the field of professional support system solutions for caravans, motorhomes and light commercial vehicles.
E&P’s three owners – Eric Klinkenberg and Pierre Blom (E&P Netherlands) and Kay Fischer – will retain their key functions as a management team under the wings of AL-KO Vehicle Technology. The E&P brand will be continued in its existing form as a product brand under the AL-KO umbrella brand.
“We are delighted that E&P is joining the DexKo family,” said Fred Bentley, CEO at DexKo Global. “E&P is known for its high quality products and strong customer focus and enjoys a very high reputation in our industry, which makes it an ideal fit within DexKo. We continue to see opportunities to improve our product offering and service levels through the type of value-added acquisitions that we have recently announced.”
Financial terms of the transaction were not disclosed. Completion of the transaction is subject to customary closing conditions and regulatory approvals.