DexKo Global, a manufacturer of trailer running gear, and chassis assemblies and components, recently acquired Preston Chassis Industries (PCI) through its wholly owned Australian subsidiary AL-KO International.
PCI manufactures chassis and other products from multiple facilities in Campbellfield, Victoria, earning a well-regarded reputation in the industry for its high-quality products and leading customer service, DexKo said.
The company first announced an agreement to purchase PCI in February.
“We are excited to proceed with integrating PCI as part of DexKo Global,” said Fred Bentley, DexKo Global’s CEO. “PCI has built an impressive legacy based on its commitment to consistently provide high-quality products to its loyal customer base. We look forward to building upon PCI’s success by offering existing and new customers more complete and innovative running gear solutions.
“This acquisition brings us closer to delivering our DexKo 2020 plan by growing our product offering available to our customers.”
DexKo received regulatory approval and closed the transaction June 1. Financial terms were not disclosed.
“We welcome the PCI team at AL-KO and look forward to a successful integration,” said Harald Hiller, global president and CEO of AL-KO Vehicle Technology. “With the combination of PCI’s chassis know-how and our global manufacturing expertise, we can further enhance our product offering to meet the quality and service requirements of our customers.”