JOST Enters Into Exclusivity Agreement to Acquire Hyva

JOST Werke SE has announced the signing of an exclusivity agreement to acquire Hyva, a global leader in hydraulic cylinders. The acquisition aims to expand JOST's product portfolio and enhance its offerings in transport and infrastructure sectors.

Hyva brought in approximately EUR 624 million in sales over the last twelve months. The transaction is expected to be financed through a mix of cash and debt, with no equity capital increase needed. JOST foresees synergy potential exceeding EUR 20 million annually and expects the acquisition to be value accretive.

Founded in 1979 and headquartered in the Netherlands, Hyva boasts a market share of over 40% for front-end tipping cylinders. Its global footprint includes 14 production facilities across multiple continents, servicing diverse industries such as transport and construction.

The definitive agreement is targeted for Q4 2024, with JOST confident of achieving substantial profitable growth and strengthening its stance as a global supplier for commercial vehicles.