DexKo Global, a manufacturer of highly engineered trailer running gear and chassis assemblies, recently acquired Italian manufacturer Safim, which produces hydraulic braking system components for off-highway equipment.
Based in Modena, Italy, Safim manufacturers products primarily at its Modena and Pune, India facilities for customers across multiple end-markets.
“We are extremely excited to continue to grow our business through the acquisition of Safim,” said Fred Bentley, chief executive officer at DexKo. “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.”
Harald Hiller, president and CEO of AL-KO, said Safim’s manufacturing expertise is a good strategic fit for DexKo and AL-KO.
“Safim has grown significantly over the past few years based on its engineering capabilities and customer focus,” he said. “We are pleased to welcome the Safim team to DexKo and to help them build upon the company’s strong foundation.”
Added Eronne Mamei, founder and chairman of Safim: “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.”