JOST Werke SE, a global leader in safety- and mission-critical systems for the commercial vehicle industry, has signed a business transfer agreement to sell its Indian tipper body operations to Belrise Industries Limited. The transaction, anticipated to close in the fourth quarter of 2026, marks a strategic step in JOST's portfolio refinement following its acquisition and integration of Hyva in February 2025.
The divestment aligns with JOST's long-term strategy for profitable growth, allowing the company to concentrate on its core business of tipping cylinders, hydraulic components, and digital tipping systems under the Hyva brand. By lowering vertical integration, JOST aims to enhance operational flexibility in India. The Indian tipper body business generates annual revenue of EUR 30 to EUR 40 million with an EBITDA of approximately EUR 1 million. The agreed purchase price is about EUR 5 million, and since closing is expected in Q4 2026, it will not materially impact the company's revenue and earnings outlook for fiscal year 2026, which JOST confirms.
Joachim Dürr, CEO of JOST Werke SE, emphasized the strategic importance of the divestment: "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, views the acquisition as a compelling strategic fit. Mr. Shrikant Badve, Managing Director of Belrise Industries Limited, stated: "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 is subject to customary regulatory approvals and conditions. JOST, with its five core brands (JOST, ROCKINGER, TRIDEC, Quicke, and Hyva), is a world-leading producer of fifth wheel couplings, landing gears, agricultural front loaders, and front-end tipping cylinders. Following the Hyva acquisition, JOST employs over 6,500 staff worldwide, with operations in more than 35 countries and six continents. The company is listed on the Frankfurt Stock Exchange. For more information, visit JOST World.
