DexKo expansion of AL-KO's core business through acquisition of Bankside Patterson is approved

10 May 2019
10 May 2019, Comments Comments Off on DexKo expansion of AL-KO’s core business through acquisition of Bankside Patterson is approved

DexKo Global Inc., a global leader in trailer running gear, chassis assemblies and related components, has received regulatory approval of its
acquisition of the British manufacturer of chassis for holiday and park homes, Bankside Patterson Ltd. (“Bankside”), which will enable it to expand the core business of AL-KO Vehicle Technology . The provisional deal was announced in January and was approved and completed on 1st May 2019.

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. As a result, AL-KO Vehicle Technology intends to enter into the mobile home chassis market through this acquisition, which it says will unlock incremental value, expand its product offering and enable it to tap into a new markets.

Established in 1959, Bankside Patterson has a long-standing reputation for quality service and innovation. The company is perhaps best known for changing the holiday home market with the launch of its fully-galvanised, Fusion Chassis range in 2010. This highly-engineered solution quickly became the market leader. Since then it has been further enhanced using third party structural analysis to give improved performance and load bearing properties. Unlike caravans, static holiday homes cannot be towed legally on roads and are permanently sited on holiday home campsites and parks.

Under the leadership of Peter Eustace, Managing Director at AL-KO in the UK, and Alexander Klaus, Integration Manager AL-KO Vehicle Technology, the integration of Bankside Patterson will contribute to the growth of DexKo Global.

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.”

Based on a modern, purpose-built, site at Brandesburton, near Driffield in East Yorkshire, Bankside Patterson also manufactures bespoke modular steel frames for the building industry. The site covers 12 acres and has 170 employees.