Jost, a German specialist in industrial vehicle equipment, has revealed its intention to acquire the entire shareholding of Hyva, including all its global assets and subsidiaries. The exclusivity agreement with Hyva's owners—a joint venture between investment funds Unitas Capital and Nws Holdings—is expected to lead to the completion of the transaction by the fourth quarter of 2024. To finance the acquisition, Jost will utilize its own funds and loans, without the need for a capital increase, underscoring the strength of its available resources.
Founded in 1979, Hyva is globally recognized for its expertise in hydraulic equipment. Specifically, it manufactures truck cranes, container lifting systems, and waste collection equipment. In 2010, ownership of the company passed under the control of Unitas Capital and Nws Holdings, who acquired Hyva for just over 500 million euros. As of June 2024, Hyva reported revenue of 624 million euros and an adjusted profit before interest and taxes (EBIT) of 41 million euros.
The acquisition represents a strategic move for Jost, which aims to enhance Hyva's profitability, targeting a margin between 10% and 12% within two years of the deal's completion. Jost also expects to achieve annual synergies exceeding twenty million euros through the integration of the two companies' operations.
Massimiliano Barberis
