DexKo Global has completed the acquisition of Aguti Produktentwicklung & Design GmbH based in Baden-Württemberg, Germany. This strategic acquisition enables AL-KO vehicle technology to expand its portfolio to include seats and seating system solutions for commercial and leisure vehicles and to continue the group’s growth trajectory.
Financial terms of the transaction were not disclosed.
Aguti is a leading provider of seat systems and seat-connections for motorhomes, electric vehicles and specialty vehicles. Since its foundation 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 experienced 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 will also continue in its existing form as a product brand under the AL-KO umbrella brand.
“We are very happy that Aguti will become part of the DexKo family,” said Fred Bentley, CEO of DexKo. “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 intensively pursue such value-adding partnerships that improve our product offering and service level in the future.”
“By integrating Aguti, we are expanding our core business,” said Harald Hiller, president and CEO of AL-KO. “Thanks to its center of expertise, the company is a leader in the field of flexible and customer-specific solutions. We value Aguti’s significant technical know-how and creative expertise. It is of vital importance to me that the entire Aguti management team is retained in its existing form.”
The transaction closed on Dec. 23, following the receipt of customary regulatory approvals.
