New Delhi – JOST Werke SE, a global leader in safety-critical systems for commercial vehicles, has acquired Hyva, a renowned global technology leader in hydraulic solutions in a deal valued at USD 398 million. This strategic move enhances JOST’s capacity to serve India’s rapidly growing commercial vehicle market while reinforcing its position as a leading supplier for On-Highway (transport) and Off-Highway (agriculture, construction) applications worldwide.
Hyva’s portfolio enriches JOST’s comprehensive range of products for On-Highway applications in the transport industry as well as Off-Highway applications in the agriculture and construction industries. By joining forces with Hyva, JOST enhances its regional presence, particularly in Asia and the Americas, and enters new market segments.
Pradeep Gorur Sheshagiri, Managing Director of JOST India, emphasized the local significance: “As India’s automotive component sector evolves into a pivotal growth driver, this acquisition aligns perfectly with the nation’s focus on infrastructure modernization and sustainable mobility. Hyva’s hydraulic expertise empowers us to accelerate ‘Make in India’ ambitions, deliver tailored solutions for rugged Indian operating conditions, and strengthen collaborations with domestic OEMs. This partnership reinforces our commitment to advancing India’s commercial vehicle ecosystem with globally benchmarked technologies.”
Jeffrey Zuidgeest, Regional Director India, BU Components, Hyva, added, “The integration of JOST and Hyva’s product portfolios creates a significantly broader range of solutions, enabling us to better serve our customers and end users. Leveraging our existing sales and after-sales network, we are well-positioned to drive further growth and enhance service excellence. This strategic synergy represents a win-win situation for all stakeholders.”
Hyva’s strong brand, recognized for its technological leadership and strong market position (40 per cent in hydraulic tipping cylinders), complements JOST’s existing offerings. Customers will benefit from the comprehensive range of products, expertise, and service across the globe, ensuring streamlined processes, consistent quality, and access to specialized knowledge tailored to meet diverse regional needs.
The combined strength of both brands not only elevates their global positioning, but also competitiveness and market leadership. By pooling R&D expertise, JOST and Hyva will create an innovative platform focused on automated and digital solutions to meet emerging industry trends and evolving customer needs.
For over 70 years, JOST has been writing a story of growth and innovation, transitioning from a small forge to a global company with over 25 locations worldwide. Strategic acquisitions have been a cornerstone of this track, including the acquisitions of ROCKINGER (2001), TRIDEC (2008), Mercedes-Benz TrailerAxleSystems (2014), Alö (2020), Crenlo do Brasil (2023), and LH Lift (2023). The acquisition of Hyva is a new substantial chapter of the JOST story, unlocking significant opportunities to become the No. 1 supplier for On-Highway and Off-Highway commercial vehicles. By staying agile and responsive to evolving industry dynamics, the company continues to drive innovation and deliver exceptional value to its customers worldwide.
