Equipment specialist, JOST, has agreed to sell the crane business it recently acquired to private equity investor, Mutares SE & Co. KGaA.
This purchase agreement, signed 11 August 2025, follows JOST’s acquisition of Hyva earlier this year and a subsequent review of the company’s product portfolio.
In this recent review, JOST identified the cranes business as ‘non-core’ for its growth strategy, leading to the ultimate decision to explore divestment options for the division in order to focus on the integration of the core Hyva portfolio and related organic growth opportunities.
JOST’s purchase agreement with Mutares for Hyva’s cranes business represents a sales value of approx. €100 million ($178.8 million AUD) and is expected to close in Q4 2025.
“I am very pleased with the progress of the post-merger integration between Hyva and JOST,” said JOST World CEO, Joachim Dürr.
“The swift execution of the cranes divestment will allow us to focus even more on new growth opportunities for our core business and raising the identified synergies to achieve our ‘AMBITION 2030’ targets for profitable growth.”
Additionally, Mutares CIO, Johannes Laumann, commented on the opportunity that Hyva’s cranes division posed to the private equity firm.
“The crane business unit of Hyva is a very promising new platform for our Goods & Services segment with a globally recognised brand in truck-mounted cranes,” he said.
“The business presents a turnaround and carve-out opportunity due to recent financial underperformance and operational inefficiencies.
“With our proven expertise in carve-outs and restructuring, we aim to restore profitability and drive sustainable growth. With a hands-on approach and long-term investment strategy, we see the company as a valuable addition to the Mutares portfolio.”
In other news, Direct Freight Express has extended its operations in the Northern Territory to meet growing freight volumes and increasing demand.
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