JOST Werke SE, a global leader in safety- and mission-critical systems for commercial vehicles, has signed a business transfer agreement to sell its Indian tipper body operations to Belrise Industries Limited. The divestment is part of JOST's ongoing strategy to streamline its portfolio following the acquisition and integration of Hyva in February 2025. The transaction is expected to close in the fourth quarter of 2026, subject to customary regulatory approvals and conditions.
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. JOST confirmed that the divestment will not materially impact its revenue and earnings outlook for the 2026 fiscal year, and the company reaffirmed its guidance.
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, a prominent player in the Indian automotive components sector, sees the acquisition 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."
The divestment lowers JOST’s vertical integration and enhances operational flexibility in India. By shedding the tipper body business, JOST can concentrate on its core strengths in tipping cylinders, hydraulic components, and digital tipping systems. This move aligns with the company's strategy to focus on high-margin, mission-critical products and leverage its global distribution network.
JOST Werke SE, listed on the Frankfurt Stock Exchange, employs over 6,500 staff worldwide and operates in more than 35 countries. The company's brands include JOST, ROCKINGER, TRIDEC, Quicke, and Hyva, which together position it as a global leader in fifth wheel couplings, landing gears, agricultural front loaders, and front-end tipping cylinders. For more information, visit JOST's website.
