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
Livlande Agro has been acquired by Merito Partners
Merito Partners has acquired a controlling stake in Gaižēni SIA, one of Latvia’s leading pig farming companies operating under the Līvlande Agro brand, from NCH Capital and other shareholders. The company’s founder and management team will remain actively involved in the business, supporting its continued growth and development.
Learn moreCensus Group has acquired Lecklé Oy
Backed by Swedish Aspira Partners, Census Group has acquired SYS Audit Oy, Lecklé Oy, Tiliextra Oy, Tase-Koivu Oy Tilintarkastusyhteisö, HJL Audit Oy and Auditus Tilintarkastus Oy. These transactions mark the creation of new platform in the Finnish audit and advisory services market. The newly formed group is jointly owned by Aspira Partners, entrepreneurs and key employees united by a shared vision and strong commitment to serving small and medium-sized enterprises (SMEs).
Learn moreTerhills Resort by Center Parcs has been acquired by TwentyTwo Real Estate
Terhills Resort, a premium resort in Belgium combining luxury and nature located near Hoge Kempen National Park and operated by Center Parcs, has been sold by venture capitalist LRM to TwentyTwo Real Estate, an independent real estate investor and operator. Both the real estate and the operations were included in the transaction, and Center Parcs is staying on board as an operational partner.
Learn more