DexKo Global, a global provider of highly engineered trailer running gear, chassis assemblies and related components, has acquired Safim S.p.A.
Founded in 1977, Safim is a leading manufacturer of highly engineered hydraulic braking system components used in a range of off-highway equipment applications. Based in Modena, Italy, Safim manufactures products primarily in its facilities in Modena and Pune, India, and serves customers worldwide across multiple end-markets.
DexKo Global is a portfolio company of KPS Capital Partners, LP. KPS is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $5.1 billion of assets under management (as of June 30, 2019).
“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,” said Fred Bently, CEO of DexKo.
Harald Hiller, president and CEO of AL-KO, added, “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.”
“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,” said Eronne Mamei, founder and chairman of Safim.
“I believe the transaction will bring many opportunities for Safim and its employees, and I look forward to further developing the company together with DexKo,” added Pietro Santoro, CEO of Safim.
