JOST Werke SE Enters Exclusivity Agreement to Acquire Hyva

Neu-Isenburg, September 16, 2024. JOST Werke SE, a global producer and supplier of safety-critical systems for commercial vehicles, has entered into an exclusivity agreement with Unitas Capital Pte. Ltd. and NWS Holdings Limited. The agreement aims to finalize the terms for acquiring all shares in Hyva III B.V., including its subsidiaries.

Founded in 1979 and headquartered in the Netherlands, Hyva is a leading supplier of hydraulic solutions. It holds a global market share of over 40% for front-end tipping cylinders. Hyva has 14 production facilities across China, India, Brazil, and Europe, serving multiple industries.

JOST believes that acquiring Hyva will enhance profitable growth. Hyva's strong brand and wide customer network will complement JOST’s offerings and strengthen its position in the commercial vehicle industry. Hyva generated sales of EUR 624 million and a gross profit margin of 23.4% in the last twelve months.

The transaction will be financed through cash, credit facilities, and debt acquisition financing. No equity capital increase is necessary. The combined pro-forma group leverage post-transaction is expected to remain below 2.5x adj. EBITDA.