New leadership as Mutares replaces Jost in the role
Jost Werke, a leading manufacturer of components for commercial vehicles and trailers, has announced its decision to sell its crane business to investment company Mutares. This move is aimed at focusing more on growth opportunities within Jost's core business and realizing identified synergies, aligning with its 2030 strategic targets for profitable growth.
The crane business, which was recently acquired as part of the Hyva Group acquisition, generates around €100 million in annual revenue. After the sale, it will be reported as a discontinued operation.
Following a thorough review of its portfolio, Jost Werke identified the crane business as non-core for its growth strategy. The sale will enable the company to concentrate investment and resources on its core segments with accelerated growth and profitability targets.
With the sale, Jost Werke has adjusted its annual targets for continuing operations (excluding cranes). It now expects revenues from continuing operations to grow by 40 to 50 percent above last year's €1.07 billion. Adjusted earnings before interest and taxes (EBIT) from continuing operations are projected to increase by 23 to 28 percent. For context, Jost's operating profit in 2024 was €113 million.
CEO Joachim Dürr stated that the rapid implementation of the crane business sale will enable the company to focus more on the new growth opportunities of its core business. He expressed confidence that this move will lead to a stronger, more focused Jost Werke in the years to come.
Mutares, the buyer of the crane business, will take over the operations of the business from Jost Werke. The sale is expected to be completed in the fourth quarter of 2025. No financial details regarding the sale have been disclosed yet.
This action further advances the goals for 2030 set by Jost Werke. The company remains committed to delivering sustainable growth and profitability for its stakeholders.
[1] Jost Werke press release, [link to press release] [2] Mutares press release, [link to press release] [3] Hyva press release, [link to press release] [4] Financial Times article, [link to article] [5] Reuters article, [link to article]
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