JOST and Hyva: Stronger together
JOST has signed a sale and purchase agreement to acquire Hyva. The acquisition is now pending approval from the relevant antitrust authorities, with the official closing expected in early 2025.
JOST is a leading global manufacturer and supplier of safety-relevant systems for the commercial vehicle industry with its core brands JOST, ROCKINGER, TRIDEC and Quicke. JOST’s global leadership position is driven by the strength of its brands, its long-standing client relationships serviced through its global distribution network, and its efficient and asset-light business model. With sales and production facilities in over 25 countries across six continents, JOST serves manufacturers, dealers and end customers in the transportation, agriculture and construction industries worldwide.
With JOST we have found a strong, long-term oriented industrial partner. Joining forces will not only strengthen our global market position but also expand our product portfolio.
Alex Tan, CEO of Hyva, commented: "The acquisition by JOST represents a great opportunity for Hyva. With JOST we have found a strong, long-term oriented industrial partner also committed to advance technology and supply customers with innovative and efficient solutions for transportation, agricultural, construction, mining and environmental commercial vehicle applications. Joining forces will strengthen our market position globally and expand our product offerings."
We look forward to embarking on this new journey together, developing new markets and seizing growth opportunities!