DexKo acquires E&P
DexKo Global, a manufacturer of engineered running gear technology and chassis assemblies and related components, is planning to expand the core business of AL-KO Vehicle Technology through the acquisition of E&P Hydraulics, based in Nieuw-Vennep (Netherlands), its general importer for Germany, E&P Hydraulics Germany, as well as the company Reisemobil-Service Fischer in Elsdorf (North Rhine Westphalia) (collectively, “E&P”).
This acquisition will expand AL-KO’s product portfolio in the field of professional support system solutions for caravans, motorhomes and light commercial vehicles.
E&P is a manufacturer of levelling system solutions for caravans, motorhomes and light commercial vehicles. Since its founding more than 10 years ago, E&P has become a highly dynamic and innovative company, making a major contribution to the success of lifting support systems in the leisure vehicle market. With this acquisition, AL-KO will bundle all competencies in levelling systems. Reisemobil-Service Fischer in Elsdorf will be expanded into the Customer Service Center West, through which AL-KO will sell its core products in the future.
E&P’s three owners – Eric Klinkenberg and Pierre Blom (E&P Netherlands) and Kay Fischer (E&P Germany / Reisemobil-Service Fischer) – will retain their key functions as a management team under the wings of AL-KO Vehicle Technology. The E&P brand will also be continued in its existing form as a product brand under the AL-KO umbrella brand.
Fred Bentley, CEO at DexKo Global said: "We are delighted that E&P is joining the DexKo family. E&P is known for its high quality products and strong customer focus and enjoys a very high reputation in our industry, which makes it an ideal fit within DexKo. We continue to see opportunities to improve our product offering and service levels through the type of value-added acquisitions that we have recently announced."
Harald Hiller, President of AL-KO Vehicle Technology, emphasized the significance of this transaction: "By integrating E&P we are strengthening and expanding the portfolio of our core business. I am particularly pleased that the E&P AL-KO Fahrzeugtechnik / Vehicle Technology leadership team will be retained in its existing form and will support us in the future with their extensive know-how and expertise.”
Eric Klinkenberg and Pierre Blom stated that this combination offers great opportunities for the future. "We are looking forward to becoming part of AL-KO Vehicle Technology. This opens up additional development potential and further access to international markets". Kay Fischer added: "Finding a strong and reliable partner in AL-KO was very important to us as this will enable us to continue on our growth track".
Financial terms of the transaction were not disclosed. Completion of the transaction is subject to customary closing conditions and regulatory approvals.
DexKo Global is a portfolio company of KPS Capital Partners, LP (“KPS”). KPS is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $5.2 billion of assets under management.
Photo : Kay Fischer (E&P Germany / Reisemobil-Service Fischer) and also Pierre Blom and Eric Klinkenberg (E&P Netherlands) will retain their key functions as a management team under the wings of AL-KO Vehicle Technology (in the photo from left to right)