AL-KO Vehicle Technology, part of DexKo Global Inc., a global leader in trailer running gear, chassis assemblies and related components, is to expand its core business in to the mobile home chassis market after signing an agreement to acquire Bankside Patterson, a leading mobile home chassis manufacturer.
Established in 1959, Bankside Patterson (“Bankside”), based in Brandesburton, Yorkshire in the UK, 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.”
Financial terms of the transaction were not disclosed. The transaction is subject to customary closing conditions and regulatory approval.