JOST Werke SE to Acquire Hyva, Expanding Global Reach in Vehicle Industry

JOST Werke SE, a leading supplier of safety-critical systems for commercial vehicles, has signed an agreement to acquire Hyva, a renowned provider of hydraulic solutions. This acquisition will enhance JOST's annual sales revenue by over EUR 600 million, bringing combined pro-forma sales to approximately EUR 1.8 billion. The strategic move will also improve JOST's access to rapidly growing markets in India, Asia, and Brazil.

The purchase price of EUR 362 million will be financed through cash and debt, with expected synergies bringing the effective EV/EBITDA purchase multiple to under 4.9x. The acquisition is projected to positively impact adjusted EPS within the first year of completion. JOST plans to consolidate Hyva’s strong market presence and product portfolio, including its leading position in front-end tipping cylinders.

The deal awaits approval from antitrust authorities and is anticipated to conclude by early 2025.