Global commercial vehicle equipment supplier JOST Werke SE has acquired hydraulic solutions specialist Hyva, the companies reported. This acquisition is billed as 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.
Hyva is the world’s leading producer of front-end tipping cylinders, and supplies a full range of double acting cylinders, container lifting systems (hookloaders and skiploaders), waste handling solutions (refuse collection bodies and compactors), and truck-mounted cranes. Hyva solutions are used worldwide, across a range of sectors including transport and logistics, construction and mining, as well as agriculture and environmental.
Founded in 1979 and headquartered in the Netherlands, Hyva operates in more than 110 countries with over 3,000 employees and 14 production facilities in Brazil, China, Germany, India, Italy, and Mexico.
“With the Hyva brand as part of the JOST World, we are strengthening our business structure, customer base, and market positioning,” Joachim Dürr, CEO of JOST Werke SE, said. “Together, we will expand our global footprint, enrich our portfolio for transport and agriculture businesses, and boost our potential in the infrastructure 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, recognized for its technological leadership and strong market position (40 per cent in hydraulic tipping cylinders), complements JOST’s existing offerings.
“Joining the JOST World represents an exciting new chapter for Hyva,” Alex Tan, CEO of Hyva, said. “Our shared commitment to advancing technology and providing reliable & innovative solutions for transportation, agriculture, construction, mining, and environmental applications creates a strong foundation for mutual success. Together, we will drive growth and deliver even greater value to our customers globally.”
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, according to the news release. And by pooling R&D expertise, JOST and Hyva will create an innovation platform focused on automated and digital solutions to meet emerging industry trends and evolving customer needs.