LOADER CRANES Ӏ SECTOR REPORT
India, Asia and Brazil. Jost also plans to leverage the new products in its portfolio to strengthen its position in the North American off-highway market. Joachim Dürr, CEO of Jost
Werke SE, said: "The acquisition of Hyva is a significant strategic step to push Jost forward on its path to become the number one supplier for on- and off-highway commercial vehicles worldwide. With Hyva, we are… expanding our product portfolio with a wide variety of smart hydraulic solutions and increasing Jost’s exposure to fast-growing off-highway markets. "Hyva complements and enhances Jost’s family of market- leading brands. The strong know-how and industry expertise of Hyva’s management team and its highly motivated staff fit Jost’s focus on customer orientation, service excellence and high product quality. Together, we are well placed to capitalise on the large infrastructure investments in India, Asia, Brazil and North America, opening up new growth fields for Jost." Alex Tan, CEO of Hyva,
commented: "The acquisition by Jost represents a great opportunity for Hyva. With Jost we have found a strong, long-term oriented industrial partner also committed to advance technology and supply customers with innovative and efficient solutions for transportation, agricultural, construction, mining and environmental commercial vehicle applications. "Joining forces will strengthen
our market position globally and expand our product offerings. My team and I look forward to bringing our businesses together, developing new markets and seizing new growth opportunities." In the last 12 months, ending
June 30, 2024, Hyva generated sales of about EUR 629 million.
Jost expects Hyva’s profitability to match its targeted adj. EBIT margin corridor (of 10% to 12%) two years after closing. It says the acquisition will unlock further opportunities for profitable growth, boosting its position as a global supplier for the commercial vehicle industry and further enhancing its ability to serve customers across the globe. The closing of the acquisition is subject to approval by the relevant authorities and is expected to be completed by early 2025. The acquisition takes place on
Hyva’s 45th anniversary in business and the IAA Transportation tradeshow in Hannover, Germany, in September provided an opportunity for the company to celebrate the occasion. At the show Hyva showcased
its HC183X, an 18tm mid-size crane from its Edge line. According to Hyva the crane is well-suited
Palfinger
showcased its PK 1350 TEC at the IAA show
to construction and logistics applications with a wide range of accessories. The HC183X on display offered four hydraulic extensions, Hyva’s most advanced CE control system, a seven-inch display, and radio control.
SMART THINKING Also exhibiting at the IAA trade show was Bergheim, Austria- headquartered crane manufacturer Palfinger which displayed its heavy- duty PK 1350 TEC loader crane. According to Palfinger the crane has been redesigned from the ground up and offers an outreach of up to 38.7 metres and a lifting capacity of 109.3 metre tonnes. Palfinger says it has equipped
the new TEC series of loader cranes with a variety of ‘smart’ features. For example, Lane Lock is designed to prevent unintentional pivoting into areas such as the
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