JOST Werke Secures Exclusive Deal to Acquire Hyva

• JOST Werke SE has signed an exclusivity agreement to acquire Hyva, aiming to expand its product portfolio and include a global leader in hydraulic cylinders.
• The acquisition is expected to contribute approximately EUR 624 million in annual sales and enhance JOST's offerings for transport and infrastructure customers.
• A definitive agreement is targeted for signing in Q4 2024, with the transaction to be financed through cash and debt, without any equity capital increase.
• JOST anticipates synergy potential exceeding EUR 20 million per year from the acquisition, which is expected to be value accretive.
• Hyva, founded in 1979 and headquartered in the Netherlands, holds over 40% of the global market share for front-end tipping cylinders and operates 14 production facilities worldwide.
• The combined companies aim to leverage Hyva's strong brand and extensive customer network to enhance JOST's position as a leading supplier in the commercial vehicle industry.

The next important date, Publication of Q3 2024 Interim Report; Q3 2024 Analysts and Investors Conference, at JOST Werke is on 14.11.2024.

The price of JOST Werke at the time of the news was 41,63EUR and was down -0,42 % compared with the previous day.
At this time, the index SDAX was at 13.492,26PKT (-0,26 %).

JOST Werke

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+57,12 %

ISIN:DE000JST4000WKN:JST400

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