on JOST Werke SE (isin : DE000JST4000)
JOST Strikes Deal to Divest Hyva's Crane Business to Mutares
JOST Werke SE, a leading player in commercial vehicle safety systems, has finalized an agreement to sell Hyva's crane division to Mutares SE & Co. KGaA. The cranes business, deemed non-core to JOST's strategic growth plans, generated approximately EUR 100 million in revenue. This divestment allows JOST to concentrate on its core Hydraulics Business Line and pursue organic growth.
The transaction is set to close in Q4 2025, with both parties working to ensure a smooth transition. JOST's financial forecasts remain unaffected, with anticipated sales growth in 2025, excluding the cranes division. Meanwhile, Mutares views this acquisition as a strategic addition, targeting enhanced profitability and growth through restructuring.
R. H.
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