JOST Werke SE, a global leader in safety-critical systems for commercial vehicles, has signed a business transfer agreement to sell its Indian tipper body business to Belrise Industries Limited. The transaction, expected to close in the fourth quarter of 2026, is a strategic move to refine the recently acquired Hyva portfolio, focusing on core hydraulic components and digital tipping systems.
The divestment, which aligns with JOST's long-term strategy for profitable growth, lowers the company's vertical integration and enhances 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. Since closing is anticipated in late 2026, this 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."
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 divestiture is part of JOST's ongoing portfolio optimization following its acquisition of Hyva in February 2025. By shedding the tipper body segment, JOST intends to concentrate on its strengths in tipping cylinders, hydraulic components, and digital tipping systems, thereby reinforcing its market position in the commercial vehicle industry.
The completion of the transaction remains subject to customary regulatory approvals and conditions. For more information about JOST and its brands, visit JOST's website. The original press release can be viewed at NewMediaWire.
