JOST has announced its successful acquisition of global hydraulics company, Hyva.
The acquisition marks a significant milestone in the growth journey of JOST, strengthening its position as a leading supplier for on-highway and off-highway applications in the commercial vehicle industry.
By joining forces with Hyva, JOST enhances its regional presence – particularly in Asia and the Americas – and enters new market segments.
Hyva’s strong brand, recognised for its technological leadership and strong market position (40 per cent in hydraulic tipping cylinders), complements JOST’s existing offerings.
“With the Hyva brand as part of the JOST World, we are strengthening our business structure, customer base, and market positioning,” said JOST CEO, Joachim Dürr.
“Together, we will expand our global footprint, enrich our portfolio for transport and agriculture businesses, and boost our potential in the infrastructure industry.”
Customers will reportedly benefit from the comprehensive range of products, expertise and service across the globe, ensuring streamlined processes, consistent quality and access to specialised knowledge tailored to meet diverse regional needs.
By pooling R&D expertise, JOST and Hyva will also create an innovation platform focused on automated and digital solutions to meet emerging industry trends and evolving customer needs.
The combined strength of both brands elevates their global positioning, driving competitiveness and market leadership.
Hyva CEO, Alex Tan, said that joining the JOST World represents an exciting new chapter for Hyva.
“Our shared commitment to advancing technology and providing reliable and innovative solutions for transportation, agriculture, construction, mining and environmental applications creates a strong foundation for mutual success,” he said.
“Together, we will drive growth and deliver even greater value to our customers globally.”
The acquisition was first announced in September last year when JOST revealed its intention to significantly broaden its worldwide product portfolio by purchasing Hyva.
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