JOST Werke SE, a global leader in safety-critical systems for commercial vehicles, announced on August 5, 2026, that it has signed a business transfer agreement to sell its Indian tipper body business to Belrise Industries Limited. The transaction is expected to close in the fourth quarter of 2026, subject to customary regulatory approvals and conditions.
This divestment follows JOST's acquisition and integration of Hyva in February 2025, as part of its strategy to refine Hyva's portfolio and concentrate on tipping cylinders, hydraulic components, and digital tipping systems. By divesting the tipper body operations, JOST aims to lower its vertical integration and enhance operational flexibility in India.
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. Since closing is expected in Q4 2026, the transaction will not materially impact JOST's revenue and earnings outlook for the 2026 fiscal year, which the company has confirmed.
Joachim Dürr, CEO of JOST Werke SE, stated, “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.”
Shrikant Badve, Managing Director of Belrise Industries, expressed enthusiasm about the acquisition, noting, “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 is part of JOST's broader strategy to streamline its portfolio and focus on higher-margin, mission-critical systems. By selling the tipper body business, JOST can allocate more resources to its core hydraulic and tipping solutions under the Hyva brand, which are central to its long-term growth. The move also reduces complexity and enhances operational efficiency in one of the world's fastest-growing commercial vehicle markets.
For Belrise Industries, the acquisition strengthens its position in the Indian commercial vehicle market, adding a well-regarded tipper body business to its existing manufacturing and engineering capabilities. The deal is expected to provide growth opportunities and synergies for both companies.
The transaction underscores a trend of strategic portfolio optimization among global automotive suppliers, as they seek to sharpen focus on core competencies and adapt to evolving market dynamics. For industry observers, this deal highlights the importance of agility and focus in maintaining competitiveness.
JOST, listed on the Frankfurt Stock Exchange, employs over 6,500 staff worldwide and operates in more than 35 countries. The company's portfolio includes brands such as JOST, ROCKINGER, TRIDEC, Quicke, and Hyva, serving both on-highway and off-highway applications. The divestment aligns with JOST's asset-light business model and its commitment to delivering innovative, safety-critical systems to the commercial vehicle industry.
