Mutares Acquires JOST's Crane Business Unit

Mutares SE & Co. KGaA has finalized the acquisition of JOST's crane business unit, marking a strategic expansion in their Goods & Services segment. The deal is anticipated to boost revenues by approximately EUR 100 million. This acquisition represents a new platform investment for Mutares, enhancing their manufacturing and distribution capabilities globally.

The JOST crane division is a reputable entity in the manufacturing sector, offering diverse products and services for truck-mounted cranes. Operating under a multi-brand strategy, the company serves key industries such as construction and marine equipment. Their global operations include production and assembly in Italy, Brazil, and China, supported by a network of sales and distribution offices worldwide.