HYVA acquired by JOST WERKE
Context
JOST Werke SE has signed a definitive sale and purchase agreement to acquire 100% of the share capital of Hyva from Unitas Capital Pte. Ltd. and NWS Holdings Limited. This transformative acquisition aligns with JOST's strategy to become the premier supplier for both on-highway and off-highway commercial vehicles worldwide. By integrating Hyva, JOST significantly expands its product portfolio with smart hydraulic solutions and strengthens its foothold in high-growth infrastructure markets such as India, Asia, and Brazil. The combination creates a robust group with pro-forma sales of around EUR1.8 billion. The transaction is financed through a mix of cash and debt and is expected to generate substantial cost and revenue synergies, particularly through cross-selling opportunities across their complementary customer bases.
HYVA, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).
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Target
Founded in 1979 and headquartered in the Netherlands, Hyva is a leading global provider of transport solutions for the commercial vehicle and environmental service industries. The company is the undisputed world market leader in front-end tipping cylinders, commanding a market share of over 40%. Its extensive portfolio also includes waste handling systems (hookloaders, skiploaders), cranes, and container lifting equipment. Hyva operates a vast global network with 14 production facilities across key markets including China, India, Brazil, Mexico, Germany, and Italy. With approximately 3,000 employees, it serves a diverse customer base in transport, agriculture, construction, mining, and environmental sectors across more than 110 countries.
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REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 450M - 900M EUR
EBITDA range: 50M - 100M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.