JOST to Divest Hyva's Tipper Body Business in India to Belrise Industries

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 divestment, expected to close in the fourth quarter of 2026, is part of JOST's ongoing strategy to refine the portfolio acquired through the integration of Hyva in February 2025. By divesting this business, JOST aims to lower its vertical integration and enhance operational flexibility in India, while concentrating on its core competencies in 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 approximately EUR 1 million. The agreed purchase price is about EUR 5 million. Since the closing is anticipated in Q4 2026, the transaction will not materially impact JOST's revenue and earnings outlook for the 2026 fiscal year, which the company has confirmed.

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 Indian manufacturer, sees this acquisition as a strategic fit. Mr. Shrikant Badve, Managing Director of Belrise Industries, 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."

This transaction underscores JOST's commitment to optimizing its product portfolio and focusing on areas where it holds global leadership. The divestment is expected to streamline operations and allow for greater investment in innovative hydraulic systems, which are critical to the company's long-term growth. For Belrise, the acquisition expands its presence in the commercial vehicle sector and strengthens its manufacturing capabilities, aligning with its growth strategy.

The closing of the transaction remains subject to customary regulatory approvals and conditions. JOST's outlook for fiscal year 2026 remains unchanged, reflecting the company's confidence in its core business segments. This strategic move highlights the dynamic nature of the commercial vehicle industry and the importance of portfolio management in maintaining competitive advantage. For more information about JOST and its brands, visit https://www.jost-world.com.