M&A Deal Summary

JOST Acquires Ålö AB

On December 13, 2019, JOST acquired automotive company Ålö AB from Altor Equity Partners

Acquisition Highlights
  • This is JOST’s 2nd transaction in the Automotive sector.
  • This is JOST’s 1st transaction in Sweden.

M&A Deal Summary

Date 2019-12-13
Target Ålö AB
Sector Automotive
Buyer(s) JOST
Sellers(s) Altor Equity Partners
Deal Type Add-on Acquisition

Target

Ålö AB

Umea, Sweden
Ålö AB is a developer and manufacturer of quality front-end loaders under the brands Quicke® and Trima®, and associated implements under Original Implements™. Ålö AB was founded in 1949 and is based in Umea, Sweden.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

JOST

Neu-Isenburg, Germany

Category Company
Founded 2008
Sector Automotive
Employees7,500
Revenue 1.1B EUR (2024)
DESCRIPTION

JOST is a manufacturer of components for connecting truck and trailer units. The Company offers branded quality products clustered in three systems: Vehicle Interface (focusing on products required to operate a commercial vehicle combination of trucks and trailers such as fifth wheels and landing gears), Handling Solutions (including container technology and hydraulic cylinders products) and Maneuvering (focusing on truck and trailer axles and forced steering). JOST was founded in 2008 and is based in Neu-Isenburg, Germany.


DEAL STATS #
Overall 2 of 3
Sector: Automotive M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Sweden M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-28 Tridec B.V.

Son, Netherlands

Tridec B.V. is a specialist in the development and manufacturing of mechanical and hydraulic steering systems and axle suspensions for all types of trailers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-17 Edbro

Bolton, United Kingdom

Edbro is a manufacturer of hydraulic cylinders and systems used on tipper trucks & trailers and heavy-duty mining equipment. Trading from a well invested 14-acre manufacturing site in Bolton, Edbro is a worldwide exporter of On-Road and Off-Road products, selling directly to over 250 bodybuilders and OEMs. Edbro was founded in 1909 and is based in Bolton, England.

Sell -

Seller(S) 1

SELLER

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 34 of 55
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 18 of 26
Country: Sweden M&A 12 of 21
Year: 2019 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-01 Eidra

Stockholm, Sweden

Eidra consists of digital first consultancies Curamando, Conversionista, Kurppa Hosk, Animal, Keybroker, Above, Cupole and Umain whom together combine digital transformation, performance marketing and creative agency under one roof to drive clients’ growth by increasing their digital competitiveness and capabilities to operate digital marketing and sales. Eidra was founded in 2019 and is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-11 ONE Nordic AB

Malmo, Sweden

ONE Nordic is a supplier of technical services in electricity transmission infrastructure and renewable energy production. With a nationwide organization and local knowledge, ONE Nordic delivers high-quality services and solutions to energy producers, distributors, and energy users. ONE Nordic was formed in 2011 and is based in Malmo, Sweden.

Sell -