Vehicle technology

DexKo Global Inc. acquires Bankside Patterson Ltd. in the UK

Ongoing focus on expanding the core business of AL-KO Vehicle Technology

DexKo Global Inc., a global leader in highly engineered trailer running gear, chassis assemblies and related components, is expanding the core business of AL-KO Vehicle Technology with the acquisition of Bankside Patterson Ltd. ("Bankside"). As a quality and innovation leader, AL-KO Vehicle Technology intends to enter into the mobile home chassis market through this acquisition.

Established in 1959, Bankside, based in Brandesburton, is a leading manufacturer of mobile home chassis in the UK. Bankside offers innovative, custom solutions for complex constructional requirements. Bankside’s products for the mobile home industry expand and differentiate AL-KO’s product offering into static chassis applications.

Fred Bentley, CEO at DexKo Global said: "We look forward to being able to access the proven expertise of Bankside Patterson. True to our motto ‘together is better’, the combination allows us to leverage our leading technology with Bankside’s strengths and knowledge to improve the overall performance of the combined companies. We continue to expand our product offering and geographies while successfully unlocking incremental value from acquisitions."

Harald Hiller, President and CEO AL-KO Vehicle Technology said: "With Bankside Patterson, we are integrating a renowned company into AL-KO Vehicle Technology. With the mobile home sector, we are tapping into a new market and new target groups. We are pleased to welcome Bankside Patterson to DexKo Global and look forward to further building upon their success story."

Regulatory approval for the acquisition had been received, and the transaction closed on May 1st, 2019. Financial terms of the transaction were not disclosed.

Sell-side advisors were Deloitte LLP (Leeds) and the law firm Pinsent Masons (Leeds). AL-KO Vehicle Technology was advised by Dentons UK and Middle East LLP (Edinburgh).

DexKo Global Inc. acquires Bankside Patterson Ltd. in the UK