SECTOR REPORT Ӏ LOADER CRANES


SMART MOVES AND MILESTONES


Anniversaries, acquisitions and enhanced crane tech dominate the current loader crane sector. Cranes Today reports.


With continuing economic cautiousness around the globe many fleet owners are holding onto existing equipment and delaying new crane purchases. Reflecting this is the loader crane sector where manufacturers are focusing on strategic investments and acquisitions, enhancing current portfolios, and celebrating heritage to help bolster their presence. The most recent sector acquisition was announced in mid-October: Jost, a German producer and supplier of safety- critical systems for the commercial vehicle industry (not the tower crane manufacturer!), acquired Netherlands-based loader crane manufacturer Hyva. Jost bought Hyva for EUR 362 million, which will be financed through a combination of cash and debt. Founded in 1979, Hyva is


headquartered in Alphen aan den Rijn and operates in more than 110 countries and has over 3,500 employees around the world. Hyva encompasses more than 30 subsidiaries globally has and 14 production facilities in across China, India, Brazil, Mexico, Germany and Italy, servicing the transport, agriculture, construction, mining and environmental industries. According to Jost the


14 CRANES TODAY Hyva at IAA


where it showed the HC183X


acquisition of Hyva will add over EUR 600 million in sales to the group and it believes the purchase will help transform it into an even stronger supplier for commercial vehicles with combined pro-forma group sales of around EUR 1.8


billion and a combined pro-forma group adj. EBIT of EUR 175 million (based on LTM June 2024 figures). Jost says that the addition of


Hyva to its portfolio will improve its access to fast-growing off-highway markets, particularly those of


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