JOST signs agreement to sell the cranes business to Mutares

We want to share an important update regarding our future company’s strategic direction. We are pleased to announce that the stock listed German private equity investor Mutares SE & Co. KGaA has signed an agreement to acquire 100% of Hyva’s global cranes business.

We are convinced that the cranes business will be able to generate higher value for customers, employees and shareholders under a new ownership, which can focus on the ample growth opportunities this market has to offer. Therefore, after careful consideration, we made the decision to divest Hyva’s cranes business. With Mutares we found an excellent partner, which will take over our global cranes activities and be able to develop the entire product range, improving market penetration and customer experience.

The closing of the transaction is expected to occur in the fourth quarter of 2025. Please rest assured that all existing sales channels and contacts will remain unchanged for all cranes products and brands and all outstanding orders will continue to be processed as usual.

The trust in our products and services has been crucial to our success and has driven our investments in technology, market expansion, and innovative solutions tailored to your needs. Under the new ownership, you can look forward to continuing to work with the same key contacts, streamlined processes and access to specialized expertise designed to meet the diverse requirements of your market - all while maintaining the high level of service and quality you deserve.

For more information about the acquisition, please refer to the latest JOST press release.