DexKo is announcing that it intends to expand the core business of AL-KO Vehicle Technology based in Kötz, Germany through the takeover of Winterhoff Group based in Breckerfeld, Germany.
Both companies have agreed to this under a contract, according to a news release Thursday (July 28). With this acquisition, AL-KO is expanding its entire area of the product segments of jockey wheels, couplings and fittings.
Winterhoff previously supplied some of the jockey wheels sold by AL-KO Vehicle Technology. With this takeover, AL-KO is increasing its own production depth and optimizing its internal value-added and supply chains in the European market, according to the report.
The fittings sector will top off the AL- KO range. All partners and customers of Winterhoff will continue to be supported as in the past. The previous contacts will remain the same.
“Winterhoff has been a successful company for decades and is very well positioned in the market with its products,” AL-KO Vehicle Technology President Harald Hiller said. “The strategic fit to AL-KO could not be better, because this integration will further strengthen our core business, which will allow us to service our customers with an even broader range. We will continue the brands of Winterhoff and ALBE Berndes in the existing form.”