Mayer Brown advises Jost on the acquisition of hydraulics supplier Hyva

Frankfurt/Düsseldorf – Mayer Brown advises JOST Werke SE (“JOST”) on the acquisition of the Hyva Group. The closing of the transaction is still subject to various approvals, in particular antitrust approvals.

JOST, one of the world's leading manufacturers and suppliers of safety-related systems for the commercial vehicle industry, has signed a purchase agreement with Unitas Capital Pte. Ltd. and NWS Holdings Limited for the acquisition of all shares in Hyva III B.V., including its direct and indirect subsidiaries worldwide (“Hyva”).

With the acquisition of the Hyva Group, JOST intends to further expand its global positioning as a supplier to the commercial vehicle industry. The company operates sales and manufacturing facilities in over 25 countries on six continents and serves manufacturers, dealers and end customers in the transportation, agricultural and construction industries worldwide. JOST currently employs over 4,500 people worldwide and is listed on the Frankfurt Stock Exchange.

Hyva is a leading provider of hydraulic solutions for commercial vehicles. Founded in 1979, the company is headquartered in the Netherlands and supplies customers in more than 110 countries. With around 3,000 employees worldwide, Hyva has 14 production facilities in China, India, Brazil, Mexico, Germany and Italy, supplying customers in the transportation, agriculture, construction, mining and environmental industries.

Mayer Brown is advising JOST for the first time and comprehensively on the acquisition of the Hyva Group. The law firm's offices in Germany, England, China, Hong Kong, the USA and Brazil were involved in particular. At JOST Werke, Dr. Thilo Oldiges, General Counsel, is responsible for the legal aspects.

The team is jointly led by Dr. Joachim Modlich (Partner, Düsseldorf, Corporate & Securities) and Rebecca Bothamley (Partner, London, Corporate & Securities) and includes Christian Horstkotte (Partner, Antitrust & Competition), Teresa Gerhold-Kempf (Senior Associate, Antitrust & Competition), Maik-Sebastian Lammers (Associate, Real Estate), Wolfgang Löffler (Associate, Corporate & Securities), Lars Schinkel (Associate, Corporate & Securities) (all Düsseldorf), Dr. Marco Wilhelm (Partner, Corporate & Restructuring), Stefanie Skoruppa (Counsel, Corporate & Restructuring), Björn Vollmuth (Counsel, Employment & Benefits), Dr. Stephanie Pfaff (Senior Associate, Intellectual Property), Inga Valerie Rupp (Associate, Corporate & Restructuring), Konstantin Kühn (Associate, Employment), Rudigel Sarpong (Associate, Intellectual Property) (all Frankfurt), Kitty Swanson (Partner, Tax), Jessica Kolhorn (Counsel, Corporate & Securities), Daniel Fahey (Senior Associate, Corporate & Securities), Reece Randall (Senior Associate, Intellectual Property), Tamar Ruiz (Senior Associate, Tax), Alasdair Maher (Associate, Intellectual Property), Joel Silverstein (Associate, Employment & Benefits) (all London), Fiona Y. K. Ham (Senior Associate, Corporate and Securities, Hong Kong), Richard M. Assmus (Partner, Intellectual Property), Stephanie B. Vasconcellos (Partner, Employments & Benefits), Jazymin L. Coleman (Associate, Corporate & Securities) (all Chicago), Lauren A. Shurman (Partner, Litigation, Salt Lake City), Timothy J. Keeler (Partner, International Trade), Oral D. Pottinger (Partner, Antitrust) (all Washington), Cristiane Santos Manzueto (Partner, Intellectual Property), Ana Leticia Allevato (Associate, Intellectual Property), (all Rio de Janeiro), Christian Roschmann (Partner, Corporate & Securities), Lilian Toscani (Partner, Corporate & Securities), Stefano Braga (Associate, Corporate & Securities), Maria Fernanda Lutfalla Machado Lellis (Associate, Corporate & Securities), André Pini (Associate, Corporate & Securities) (all Sao Paulo).