DexKo Global, a global provider of trailer running gear, chassis assemblies and related components, has acquired Safim S.p.A., a manufacturer of hydraulic braking system components used in a range of off-highway equipment applications.
“We are extremely excited to continue to grow our business through the acquisition of Safim,” says Fred Bentley, DexKo CEO. “Safim is an innovative leader in its product categories with a legacy built on providing exceptional products to customers.
“This acquisition further extends DexKo’s reach into new products and end-markets and provides additional avenues for organic and inorganic growth. We look forward to uniting the strengths of the Safim team with those of DexKo and AL-KO Vehicle Technology to continue to grow the combined business,” Bentley says.
Harald Hiller, AL-KO president and CEO, says “Safim’s position as a leading manufacturer of highly engineered products for diverse end-markets fits well with DexKo and AL-KO’s strategy. Safim has grown significantly over the past few years based on its engineering capabilities and customer focus. We are pleased to welcome the Safim team to DexKo and to help them build upon the company’s strong foundation.”
Based in Modena, Italy, Safim manufactures products primarily in its facilities in Modena and Pune, India and serves customers worldwide across multiple end-markets.
“I am pleased to see Safim joining a successful organization with a significant heritage and a solid global footprint as the natural next step in its long-term journey,” says Eronne Mamei, Safim founder and chairman.
