JOST Werke SE, a global leader in safety- and mission-critical systems for commercial vehicles, has signed a business transfer agreement to divest its Indian tipper body operations to Belrise Industries Limited. The transaction, expected to close in the fourth quarter of 2026, marks a continued effort by JOST to refine the portfolio acquired through its integration of Hyva in February 2025.
The divestment is part of JOST's strategy to concentrate on its core strengths in tipping cylinders, hydraulic components, and digital tipping systems. By lowering its vertical integration in India, JOST aims to enhance operational flexibility and focus its research and development capabilities on mission-critical systems. The Indian tipper body business generates annual revenue of EUR 30 to EUR 40 million and an EBITDA of about EUR 1 million. The agreed purchase price is approximately EUR 5 million.
Joachim Dürr, CEO of JOST Werke SE, stated, "This divestment is a further step in aligning our portfolio with our long-term strategy for profitable growth. It allows us to focus even more strongly on the core hydraulic and tipping solutions offered under the Hyva brand and to direct our R&D capabilities toward mission-critical systems."
Belrise Industries, the acquirer, sees this as a strategic fit. Mr. Shrikant Badve, Managing Director of Belrise Industries, commented, "We are pleased to welcome Hyva's India Tipper Body Business into the Belrise family. The business has established a strong reputation in the Indian commercial vehicle market and represents a compelling strategic fit for Belrise, complementing our manufacturing and engineering capabilities. We are committed to investing in its future growth while ensuring seamless continuity for customers, employees, suppliers, and business partners throughout the transition, in collaboration with JOST."
Since the acquisition of Hyva, JOST employs over 6,500 staff worldwide, with sales and production sites in more than 35 countries and operations on six continents. The company's portfolio includes brands such as JOST, ROCKINGER, TRIDEC, Quicke, and Hyva, and it is listed on the Frankfurt Stock Exchange. Further information on JOST can be found at https://www.jost-world.com.
The closing of the transaction is subject to customary regulatory approvals and conditions. Since the closing is expected in the fourth quarter of 2026, it will not have any material impact on JOST's revenue and earnings outlook for the 2026 fiscal year, and JOST confirms its outlook for 2026. This strategic divestment underscores JOST's commitment to streamlining its operations and focusing on high-growth areas within its core business.
