Elkhart-based DexKo Global Inc. has announced two acquisition agreements. They involve purchase of heavy and light-duty axle assets from the Canada-based IMT Group. As a result of the deal, Ingersoll Axles and Standen’s Light Duty Axles businesses will become one unit of Dexter Axles.
DexKo will take on Ingersoll Axles’ heavy duty axle and suspension manufacturing assets and Standen’s light duty axle manufacturing assets. The transaction involves manufacturing facilities in Ontario, Alberta and Indianapolis. The deal is slated to close by the end of the year.
You can connect to more about the acquisition by clicking here.