JOST-Werke AG has sold Edbro to Endless Enact
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.
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
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