JOST Werke SE, a leading global supplier of 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, expected to close in the fourth quarter of 2026, is part of JOST's ongoing portfolio refinement following its acquisition of Hyva in February 2025.
The divestment underscores JOST's commitment to concentrating on tipping cylinders, hydraulic components, and digital tipping systems under the Hyva brand. By reducing vertical integration, JOST aims to enhance operational flexibility in the Indian market. The Indian tipper body business generates annual revenue of EUR 30 to EUR 40 million and an EBITDA of approximately EUR 1 million. The agreed purchase price is about 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, a prominent manufacturer, sees this acquisition as a strategic fit. 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 is not expected to materially impact JOST's revenue and earnings outlook for fiscal year 2026, and the company confirms its previous guidance. The closing remains subject to customary regulatory approvals and conditions.
This move is a continuation of JOST's strategy to streamline its portfolio and focus on its core strengths. Since the acquisition of Hyva, JOST has been evaluating the various business units to ensure alignment with its long-term goals. The company's global leadership is driven by its strong brands, including JOST, ROCKINGER, TRIDEC, Quicke, and Hyva, and its efficient, asset-light business model.
JOST employs over 6,500 staff worldwide, with sales and production sites in more than 35 countries across six continents. The company is listed on the Frankfurt Stock Exchange. For more information, visit https://www.jost-world.com.
