DexKo Global Strengthens Its Hydraulics Business with Cerma Acquisition
DexKo Global Expands Hydraulics Capabilities through Cerma Srl Acquisition
DexKo Global Inc., recognized as a leading entity in the trailer running gear and chassis assembly sector, has recently acquired Cerma Srl, a notable manufacturer of high-precision components based in Vezzano sul Crostolo, Italy. Since its establishment in 1966, Cerma has been dedicated to the development and manufacturing of precision hydraulic components that cater primarily to off-highway and industrial markets. This strategic acquisition marks a significant step for DexKo in reinforcing its position within the hydraulics segment.
The move to integrate Cerma into DexKo's operations is positioned to enhance the company's hydraulics value chain. This acquisition is part of DexKo's continuous growth strategy, aimed at expanding its product range and operational efficiency in the hydraulics domain. According to Fred Bentley, the CEO of DexKo, Cerma's strong reputation and expertise in high-precision components will greatly complement DexKo's existing capabilities. Bentley expressed his enthusiasm, stating, "We are pleased to welcome the Cerma team to DexKo."
In addition to being a family-owned business, Cerma has been recognized for producing high-quality hydraulic valves and manifolds. Its products have earned a solid reputation among industry players, making this acquisition a strategic fit for DexKo's existing portfolio. Harald Hiller, President and CEO of AL-KO Vehicle Technology, a subsidiary of DexKo, emphasized the value that Cerma brings to their hydraulics operations. He noted that this collaboration will allow them to work closely and leverage their combined strengths, ensuring a synergy that will lead to enhanced productivity and innovation.
Before this acquisition, DexKo had already begun to solidify its presence in the hydraulics market. The company’s entry into this sector was initiated in 2019 with the acquisition of Safim Srl, a manufacturer specializing in hydraulic braking system components. In 2022, DexKo further expanded its hydraulics business by acquiring Fluid-Press Srl, which focuses on hydraulic valves and manifolds. These strategic moves indicate a clear intention by DexKo to position itself as a leader in the hydraulic components market.
Looking forward, Giovanni Pedrinoni, managing director at Safim and Fluid-Press, expressed optimism about the opportunities that this acquisition presents. He remarked, "I am looking forward to capitalizing on our joint business opportunities. We will leverage the synergies in our manufacturing capacities and competencies, especially regarding our turning, milling, and grinding applications."
For the Ruozi family, who have led Cerma since its inception, this acquisition is seen as a continuance of the legacy established by the founder. Daniele Ruozi, a member of the board at Cerma and its managing director, emphasized the importance of having a strong partner in DexKo for the sustainable future of the company. He stated, "The synergies we are creating will offer great opportunities for the future. My father founded the company 60 years ago and it is vital for my parents, my sister, and me to have a strong and reliable partner for a successful future."
While the financial specifics of the acquisition remain undisclosed, the strategic implications are clear: DexKo is set to enhance its capabilities in the hydraulic market significantly. As they integrate Cerma’s operations, the collaborative efforts are expected to yield substantial advancements in product offerings and market reach, benefiting both companies in the long run.
Moving forward, the acquisition positions DexKo strategically within the increasingly competitive market for hydraulic components, providing a more extensive range of high-precision products tailored to various industrial applications. As demands for efficient and high-quality hydraulic solutions grow, this acquisition signifies a proactive approach by DexKo to address these needs while remaining a formidable player in the marketplace.
This acquisition not only highlights DexKo’s commitment to growth through strategic partnerships but also reinforces its mission to deliver high-quality products and innovative solutions to its customers across the globe.