DexKo Global has signed a definitive agreement to acquire a minority shareholding in VB-Airsuspension, B.V., a company based in the Netherlands. This partnership strengthens the core business of AL-KO Vehicle Technology, DexKo stated. The move will allow AL-KO Vehicle Technology to concentrate its development in the field of air suspension systems for motorhomes and light commercial vehicles.
VB-Airsuspension is a leading manufacturer of professional full air suspension, semi-air suspension, coil spring and controlled shock absorber systems.
As part of the cooperation, all the expertise in the development and manufacture of suspension systems will be brought together and concentrated in the Netherlands.
A new company building will be constructed to help support future growth. The existing buildings will continue to be utilized to provide space for sales, marketing, development, and the VB Academy to ensure the opening of further sales channels and the development of new products.
“We are very pleased to have gained a strategic partner in the (air) suspension system sector in VB-Airsuspension,” said Fred Bentley, CEO at DexKo Global. “The high-quality standards of VB-Airsuspension’s products, first-class design and development, customer proximity and presence in the after-sales market, including service, are an exact match for the requirements of DexKo.”
“We are building on the expertise and know-how of VB-Airsuspension, whose (air) suspension systems complement ALKO Vehicle Technology’s range of chassis technology,” said Harald Hiller, president and CEO of AL-KO Vehicle Technology. “This will allow us to further enlarge our product range. In addition, I am particularly looking forward to working with the existing management team.”
The financial details of the partnership are not disclosed.
