JOST Werke SE, a global leader in safety- and mission-critical systems for the commercial vehicle industry, has entered into a business transfer agreement to divest its Tipper Body Business in India to Belrise Industries Limited. The transaction, expected to close in the fourth quarter of 2026, marks a further step in JOST's portfolio optimization following its acquisition and integration of Hyva in February 2025.
The divestment is part of JOST's strategy to concentrate on its core hydraulic and tipping solutions, including tipping cylinders, hydraulic components, and digital tipping systems. 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, commented: “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 this acquisition as a 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.”
As the closing is anticipated in Q4 2026, the divestment is not expected to materially impact JOST's revenue and earnings outlook for fiscal year 2026. Consequently, JOST confirms its outlook for 2026. The completion of the transaction remains subject to customary regulatory approvals and conditions.
This move underscores JOST's commitment to streamlining its portfolio and focusing on areas where it can leverage its technological expertise and global leadership. The company, with its five core brands—JOST, ROCKINGER, TRIDEC, Quicke, and Hyva—continues to strengthen its position as a leading supplier of safety-critical systems for the commercial vehicle industry. For more information about JOST and its products, visit JOST's website.
