JOST Werke SE, a leading 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 divestment is part of JOST's ongoing portfolio refinement following its acquisition of Hyva in February 2025, focusing on tipping cylinders, hydraulic components, and digital tipping systems.
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. The transaction is expected to close in the fourth quarter of 2026, subject to customary regulatory approvals and conditions. As a result, the divestment will not materially impact JOST's revenue and earnings outlook for fiscal year 2026, which the company has confirmed.
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 diversified manufacturing company, sees the acquisition as a strategic fit. Mr. Shrikant Badve, Managing Director of Belrise Industries Limited, 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."
This divestment underscores JOST's strategy to lower vertical integration and enhance operational flexibility in India. By divesting the tipper body business, JOST can allocate more resources to its core hydraulic and tipping solutions, which are critical to its global leadership in the commercial vehicle industry. The move also allows JOST to optimize its product portfolio and focus on higher-margin, technology-driven systems.
The transaction highlights the ongoing consolidation and strategic realignment within the commercial vehicle supply industry. For Belrise, the acquisition broadens its product offerings and strengthens its position in the Indian market, which is one of the largest and fastest-growing commercial vehicle markets globally.
JOST, with its five core brands (JOST, ROCKINGER, TRIDEC, Quicke, and Hyva), is a global leader in fifth wheel couplings, landing gears, agricultural front loaders, and front-end tipping cylinders. Since the Hyva acquisition, the company employs over 6,500 staff worldwide, with operations in more than 35 countries.
The divestment is expected to have a minimal impact on JOST's 2026 financial performance, as the closing is slated for late 2026. JOST's management remains confident in its strategic direction, focusing on innovation and customer-centric solutions.
For more information about JOST and its products, visit JOST's website.
