JOST-Werke AG has sold Edbro to Endless Enact
May 2021 — JOST-Werke AG (JOST) has sold its UK hydraulics subsidiary, Edbro, to Endless Enact.
Edbro is a leading manufacturer of tipping cylinders and hydraulic systems serving the general haulage, construction, quarrying and mining industries. Having invented the first vehicle-mounted tipping cylinder in 1916, Edbro has a rich heritage and has since built up a reputation for innovative design and engineering.
Enact, whose parent company is Endless, is a UK-based private equity investor that provides transformational investment for small to medium-sized businesses.
JOST is a global producer of truck, trailer and agricultural components and systems, with five product brands, including JOST, Rockinger, Tridec, Quicke and Edbro. The group operates from more than 30 production and sales locations worldwide. In the financial year ended 2020, it generated global sales of US$970 million. Following a review of strategic priorities, JOST decided to divest its UK hydraulics subsidiary and focus on other identified opportunities in the on and off highway segments.
Our role in the transaction
With Oaklins Evelyn Partners, based in the UK, taking the lead advisory role and Oaklins’ team in Germany providing local support to JOST, the team successfully undertook a global search and identified a new partner that would back the future growth of the business and help develop its expansion plans.
Tobias Schmidt
Global Head of Corporate Strategy and M&A, JOST-Werke AG
Talk to the deal team
Related deals
Nymann Kloak- & Miljøservice has been acquired by Serwent Group
Nymann Kloak- & Miljøservice has been acquired by Serwent Group. The acquisition expands Serwent’s footprint in Denmark while broadening its service offering and strengthening capacity across its existing platform. This transaction further supports Serwent’s ambition to become the leading Nordic operator in underground infrastructure maintenance.
Learn moreHeka Dental has joined forces with Impilo to anchor focused buy-and-build strategy
Heka Dental, a leading Danish designer and manufacturer of premium dental treatment units, has been acquired by the Swedish private equity firm Impilo. The acquisition establishes Heka Dental as a strategic platform for consolidation in the European dental equipment market. Impilo will execute a focused buy-and-build strategy to accelerate growth and expand its footprint across Europe.
Learn moreGP-Connect has joined forces with Transformation Capital to accelerate growth
Transformation Capital, a Netherlands-based investment firm, has joined forces with GP-Connect, a leading international secondment platform with specialized brands serving the hospitality, IT, skilled labor, technical services and dental sectors. As part of the transaction, GP-Connect welcomes Transformation Capital as its new shareholder to support the company’s next phase of growth, while the founders and existing shareholders will remain actively involved. The partnership will focus on executing a targeted buy-and-build strategy, expanding the business internationally and further strengthening GP-Connect’s portfolio.
Learn more