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EQS-News: JOST Werke SE
/ Key word(s): Mergers & Acquisitions/Merger
JOST closes acquisition of Hyva, a global leader in hydraulic solutions for on- and off-highway commercial vehicles
Neu-Isenburg, February 3, 2025. JOST Werke SE ("JOST"), a leading global producer and supplier of safety-critical systems for commercial vehicles, announced today the successful closing of the acquisition of Hyva III B.V., including its direct and indirect subsidiaries worldwide ("Hyva"). The responsible antitrust authorities approved the acquisition without restrictions. The closing of the transaction was completed on January 31, 2025. Hyva will be included in the scope of consolidation of JOST as of February 1, 2025. Hyva is a leading supplier of hydraulic solutions for commercial vehicles with a worldwide market share of more than 40% for front-end tipping cylinders. Hyva also supplies a full range of double acting cylinders, container lifting systems (hookloaders and skiploaders), waste handling solutions as well as truck-mounted cranes. Hyva solutions are used worldwide, across a large range of industries including Transport & Logistics, Construction & Mining, as well as Agriculture and Environmental. Founded in 1979, Hyva is headquartered in The Netherlands. Its market-leading brand name is strengthened by a well-established and recognized global sales and service network. The agreed purchased price amounts to USD 398 million and it will be financed through a combination of cash and debt. Joachim Dürr, CEO of JOST Werke SE, said: "With the closing of the transaction, we can now start to implement our growth plans for the combined business. We have identified a large number of synergies and are eager to tackle together these new business opportunities, becoming an even stronger global player for the on- and off-highway industries." Alex Tan, CEO of Hyva, commented: "Joining the JOST World represents an exciting new chapter for Hyva. Our shared commitment to advancing technology and providing reliable and innovative solutions for transportation, agriculture, construction, mining, and environmental applications creates a strong foundation for mutual success. Together, we will drive growth and deliver even greater value to our customers globally.” The new outlook for fiscal year 2025, including the expected sales and earnings contribution of Hyva for fiscal year 2025, will be published together with the Annual Group Report 2024 on March 26, 2025. Contact: JOST Werke SE Romy Acosta Head of Investor Relations T: 9 About JOST: JOST is a world-leading producer and supplier of safety-critical systems for the commercial vehicle industry. Under the umbrella brand of JOST, the comprehensive range of products is categorized into systems for On-Highway (transport industry) and Off-Highway applications (agriculture and construction industries). JOST’s global leadership position is driven by the strength of its brands JOST, Hyva, ROCKINGER, TRIDEC and Quicke, its long-standing client relationships serviced through its global distribution network, and its efficient and asset-light business model. With its five core brands, the company is the global leading producer of fifth wheel couplings, landing gears, agricultural front loaders and front-end tipping cylinders. Since the acquisition of Hyva in 2025, JOST employs over 7,500 staff worldwide, has sales and production sites in more than 35 countries, and operations on six continents. JOST has been listed on the Frankfurt Stock Exchange. Further information on JOST can be found here:
03.02.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | JOST Werke SE |
| Siemensstraße 2 | |
| 63263 Neu-Isenburg | |
| Germany | |
| Phone: | |
| Fax: | +49 (0)6102 295-298 |
| E-mail: | |
| Internet: | -world.com |
| ISIN: | DE000JST4000 |
| WKN: | JST400 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2079327 |
| End of News | EQS News Service |
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2079327 03.02.2025 CET/CEST
