JOST Werke SE, a global leader in safety- and mission-critical systems for the commercial vehicle industry, 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, is part of JOST's ongoing portfolio optimization following its acquisition and integration of Hyva in February 2025.
The divestment aligns with JOST's strategy to concentrate on tipping cylinders, hydraulic components, and digital tipping systems under the Hyva brand. By reducing vertical integration, JOST aims to enhance operational flexibility in India, a key market for commercial vehicles. The Indian tipper body business generates annual revenue of EUR 30 to EUR 40 million and an EBITDA of approximately EUR 1 million. The agreed purchase price is about EUR 5 million, and the transaction is subject to customary regulatory approvals and conditions.
Joachim Dürr, CEO of JOST Werke SE, commented: “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 component sector, sees this acquisition as a strategic fit. Mr. Shrikant Badve, Managing Director of Belrise Industries, 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.”
This divestment does not materially impact JOST's revenue and earnings outlook for fiscal year 2026, which the company confirms. The transaction is expected to close in Q4 2026, pending regulatory approvals.
JOST's portfolio streamlining follows its broader strategy to focus on high-margin, safety-critical systems. The company continues to leverage its global distribution network and strong brand portfolio, which includes JOST, ROCKINGER, TRIDEC, Quicke, and Hyva. With over 6,500 employees and operations in more than 35 countries, JOST remains a leading supplier in the commercial vehicle industry.
For more information about JOST and its product portfolio, visit JOST's website.
