Stephenson Harwood advises on sale of Hyva to JOST

Law firm Stephenson Harwood LLP is advising the management on the sale of Hyva to JOST Werke SE.

Hyva is a leading supplier of hydraulic solutions for commercial vehicles, headquartered in The Netherlands. It sells to customers in more than 110 countries and employs approximately 3,000 employees worldwide. Hyva’s manufacturing footprint encompasses 14 production facilities across China, India, Brazil, Mexico, Germany and Italy, servicing the transport, agriculture, construction, mining and environmental industries.

Jost Werke SE is a leading global manufacturer and supplier of safety-relevant systems for the commercial vehicle industry. It has sales and production facilities in more than 25 countries across six continents, and serves manufacturers, dealers and end customers in the transportation, agriculture and construction industries worldwide. JOST currently employs more than 4,500 staff across the world and is listed on the Frankfurt Stock Exchange. The acquisition of Hyva will add over EUR 600 million in sales to the group.

The Stephenson Harwood team is being led by private equity partner Malcolm MacDougall, who is supported by managing associates Nicola Baird and Rajiv Kakkad, associate Grant McGregor and paralegal Sophie Speirs.