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 transaction, expected to close in the fourth quarter of 2026, marks a strategic step in refining Hyva's portfolio following its acquisition in February 2025.
The divested business, which generates annual revenue of EUR 30 to EUR 40 million and an EBITDA of approximately EUR 1 million, will be sold for about EUR 5 million. This move is part of JOST's broader strategy to concentrate on tipping cylinders, hydraulic components, and digital tipping systems, thereby lowering vertical integration and enhancing operational flexibility in India.
Joachim Dürr, CEO of JOST Werke SE, emphasized the strategic importance: "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 player in the Indian automotive components sector, sees this acquisition as a compelling strategic fit. Mr. Shrikant Badve, Managing Director of Belrise Industries Limited, 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."
The divestment is not expected to materially impact JOST's revenue and earnings outlook for fiscal year 2026, and the company has confirmed its outlook. The closing remains subject to customary regulatory approvals and conditions.
This strategic divestiture underscores JOST's commitment to optimizing its portfolio and focusing on core competencies. By shedding the tipper body business, JOST can allocate resources more efficiently toward its high-margin hydraulic and tipping solutions, which are integral to its global leadership in commercial vehicle systems.
For Belrise, the acquisition strengthens its position in the commercial vehicle market and enhances its manufacturing and engineering capabilities. The move aligns with Belrise's growth strategy and expands its product offerings in the tipper segment.
The transaction is expected to close in the fourth quarter of 2026, and both companies are working to ensure a smooth transition for all stakeholders. JOST's decision to divest this business reflects a broader trend in the automotive industry where companies are streamlining operations to focus on core technologies and innovation.
As JOST continues to integrate Hyva, this divestment is a key step in refining its product portfolio and enhancing shareholder value. The company's confirmation of its 2026 outlook provides confidence to investors and stakeholders about its financial stability and strategic direction.
For more information on JOST and its product offerings, visit JOST's official website.
