DexKo Announces Plan to Acquire
Winterhoff
DexKo is announcing that it intends to
expand the core business of AL-KO Vehicle
Technology based in Kötz near Augsburg
through the takeover of Winterhoff
Group based in Breckerfeld, North RhineWestphalia.
Both companies have agreed to this under
a contract. With this acquisition, AL-KO is
expanding its entire area of the product
segments of jockey wheels, couplings and
fittings. Winterhoff is known to be a highly
recognized market participant and convinces
with its high-quality and innovative products.
Furthermore, the company previously
supplied some of the jockey wheels sold
by AL-KO Vehicle Technology in the past.
With this takeover, AL-KO is increasing its
own production depth and simultaneously
optimizing its internal value-added and
supply chains in the European market. 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.
Harald Hiller, President of AL-KO Vehicle
Technology, emphasizes the significance
of this transaction: “Winterhoff has been
a successful company for decades and is
very well positioned in the market with its
products. 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.”
Rainer Winterhoff, Managing Director
of the Winterhoff Group, explains: “This
is the ideal time, also in light of the rapid
globalization, to put our business on a
promising path to a joint future with this
merger. AL-KO Vehicle Technology is the
perfect fit for this strategic move.”
AL-KO is part of DexKo, a global leading
running gear company. DexKo is committed
to meaningfully growing the business
through organic gains and acquisitions of
quality companies with strong brands. Fred
Bentley CEO of DexKo comments: “We are
incredibly excited about the opportunity to
add Winterhoff to our company. We have
spent the first six months after acquiring
AL-KO focusing on improving the business
and the team has done an incredible job.
We believe it is now time to aggressively
grow our business. We believe by adding
Winterhoff to our business we can
meaningfully grow a strong brand by
applying our significant resources to change
the growth curve. It is the first of many
moves we will be making and it is an exciting
time to be part of the DexKo organization.”
The transaction is intended to take effect
as of August 31, 2016, and is subject to
approval of the antitrust authority. For more
information, please visit www.dexko.com,
www.al-ko.com and www.winterhoff.de/ourstandard.
20
20
NATDA
NATDA Magazine www.natda.org
Magazine www.natda.org