AL-KO Vehicle Technology and Dexter Axle to enter strategic partnership

The AL-KO business unit Vehicle Technology of AL-KO KOBER SE resident in Kötz near Augsburg and axle manufacturer Dexter Axle from Elkhart, Indiana (USA), are being merged under the roof of the future "DexKo Global Inc.". The transition is scheduled for 01.01.2016. AL-KO Kober SE shall contribute to DexKo its business unit Vehicle Technology and shall receive in return shares in the new company.

The AL-KO business unit Vehicle Technology of AL-KO KOBER SE resident in Kötz near Augsburg and axle manufacturer Dexter Axle from Elkhart, Indiana (USA), are being merged under the roof of the future “DexKo Global Inc.”. The transition is scheduled for 01.01.2016.

AL-KO Kober SE shall contribute to DexKo its business unit Vehicle Technology and shall receive in return shares in the new company.

After the merger the new company shall constitute in its specific market segment the largest axle manufacturer in the world with an annual turnover of around 850 Million Euros. AL-KO Vehicle Technology shall continue to control the European and non-American business from its headquarters in Kötz while Dexter Axle will manage the North-American business from Elkhart.

Kevin Garland, Chairman of the Board of DexKo Global Inc.: “In this alliance the two outstanding companies shall constitute the world´s largest manufacturer of trailer products and technology. We have set ourselves the target to surpass with DexKo the 1billion Euro turnover mark. The individual strengths of Dexter and AL-KO shall be combined in DexKo.
Throughout the world the global sales and service networks shall be increasingly closely and intensively meshed. Both partners shall benefit from mutual technology transfer and thus acquire additional know-how. The trademarks Dexter and AL-KO shall be maintained as such and shall be able to offer in future even more its individual expertise in the respective core markets. AL-KO´s wide-range product portfolio enhances and optimizes Dexter´s present program in the North American market. With the AL-KO brand DexKo Global Inc. has the most effective partner in Europe at its side and shall be able to increase strategic investments with its access to the North American financial market. With Fred Bentley an internationally experienced manager who knows the industry shall lead DexKO Global Inc. as Chairman of the Board.

Stefan Kober, CEO of AL-KO KOBER SE and future Vice Chairman of the Board of DexKo Global Inc.: “AL-KO KOBER SE with its shares in DexKo Global Inc. and with the two other business units “Garden and Hobby” as well as “Air Technology” shall extend its decisive role in the global markets and shall expand its successful achievements of the recent years.

The proven management of AL-KO Vehicle Technology will continue its excellent work. Dr. Nico Reiner shall act as CFO and thus shall take responsibility for finances. COO Harald Hiller who has contributed substantially for the last 20 years to the success of AL-KO as manager of the Vehicle Technology business unit shall take charge of the operative business.

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Legend:
With strong partners into the future (from left): Fred Bentley, Stefan Kober, Harald Hiller and Dr. Nico Reiner.

AL-KO KOBER SE
Founded as a family company in 1931, the present day AL-KO KOBER GROUP is the leading provider in the areas of Automotive Technology, Garden + Hobby and Ventilation Technology. About 4,000 employees work at more than 45 locations worldwide (in Europe, North America, Asia, Africa and Australia). In 2014, the AL-KO KOBER GROUP generated 630 million Euros in revenue.
QUALITY FOR LIFE – “A lifetime of quality” is the motto of AL-KO KOBER SE, with which the long established company achieves comfort, safety and customer happiness in all performance areas. This cooperative type of relationship doesn’t just apply to our customers, but also embodies corporate and social responsibility, for “corporate social responsibility” and therefore the ensuring a higher quality of life.

Dexter Axle
Dexter Axle has been a leading manufacturer of trailer axles and trailer brakes for over 50 years for the utility trailer, recreational vehicle, heavy duty, manufactured housing, agricultural, marine, and specialty trailer markets. Dexter products are American made in highly automated facilities in Indiana, Georgia, Oklahoma, California, and Tennessee. Since 1960, OEMs have installed more than 45 million Dexter Axles with the assurance that they are providing a quality product that will enhance the safe operation of their trailers. Dexter Axle is ISO 9001 certified.

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