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 operations to Belrise Industries Limited. The transaction, expected to close in the fourth quarter of 2026, aligns with JOST's strategy to streamline its portfolio following the acquisition of Hyva in February 2025.
The divested business, which generates annual revenue of EUR 30 to EUR 40 million and EBITDA of about EUR 1 million, will be transferred for a purchase price of approximately EUR 5 million. This move reduces JOST's vertical integration and enhances operational flexibility in India, a key market for the company.
Joachim Dürr, CEO of JOST Werke SE, emphasized that the divestment is a step toward focusing on core hydraulic and tipping solutions under the Hyva brand. "It allows us to direct our R&D capabilities toward mission-critical systems," he stated. For Belrise Industries, the acquisition represents a strategic fit, complementing its manufacturing and engineering capabilities. Shrikant Badve, Managing Director of Belrise, expressed commitment to investing in the business's growth while ensuring continuity for stakeholders.
The closing of the transaction is subject to regulatory approvals and conditions, but JOST confirms its fiscal year 2026 outlook remains unchanged, as the divestment will not materially impact revenue or earnings this year. This move is part of JOST's ongoing portfolio optimization, which began with the integration of Hyva, a leading provider of hydraulic systems. By divesting the tipper body business, JOST aims to lower its vertical integration and sharpen its focus on higher-margin, mission-critical components.
Belrise Industries, a diversified manufacturing company, sees this as an opportunity to expand its presence in the commercial vehicle sector. The Indian tipper body market is growing, driven by infrastructure development and logistics demand. Belrise plans to leverage Hyva's established reputation and customer relationships to strengthen its position.
This divestment underscores a broader industry trend where companies are refining their portfolios to concentrate on core competencies and technological leadership. For JOST, the deal enables it to allocate resources more efficiently, particularly in research and development for advanced hydraulic systems. The company remains committed to its global growth strategy, with operations in over 35 countries and a workforce of more than 6,500 employees.
