Mutares SE & Co. KGaA$MUX (-0,52%) has successfully completed the acquisition of the crane division of JOST from the Hyva Group acquired in 2024. The transaction strengthens Mutares' Goods & Services segment as a new platform investment.
JOST's Cranes division is an internationally established manufacturer and distributor of cranes and comprehensive services that develops, manufactures and services truck cranes for key global markets as part of a multi-brand strategy.
The company generates sales of around EUR 100 million and employs around 400 people.
It has production and assembly plants in Italy, Brazil and China as well as a global network of sales and distribution offices to ensure local delivery and customer support.
The company's product portfolio serves various industries such as commercial and residential construction, infrastructure, marine equipment and many more, ensuring the necessary flexibility while maintaining cost efficiency and an optimal price-performance ratio.
