JOST Werke AG’s EUR 250 Million Acquisition Of Ålö Holding AB


Hengeler Mueller advised JOST on this deal.

JOST Werke AG (“JOST”) has signed a purchase agreement to acquire 100% of the share capital in Ålö Holding AB (“Ålö”), one of the world’s leading manufacturers of agricultural front loaders. The acquisition will transform JOST’s existing agricultural business into another cornerstone of the group. Seller is Altor Fund III. The agreed purchase price corresponds to an enterprise value of EUR 250 million. The transaction will be financed through a combination of cash, existing credit lines and a new term loan.

Alo AB manufactures agricultural equipment. The Company offers tractors and front end loaders attachment, industrial trucks, and accessories.

JOST Werke AG manufactures commercial vehicle components. The Company offers king pins, sliders, ball bearings, wheel couplings, landing gear modules, container chassis, towing and adapter hitches, screw sets, wear gauges, and other products. JOST Werke serves its customers worldwide.

Hengeler Mueller advises JOST on the transaction in an integrated team together with Swedish law firm Roschier (partner Malin Leffler and senior associate Jeppa Persson; both M&A). The team includes partners Emanuel P. Strehle (Picture), Andreas Hoger (both Corporate/M&A), Wolfgang Groß (Capital Markets), Nikolaus Vieten (Financing) (all Frankfurt) and Alf-Henrik Bischke (Antitrust, Düsseldorf) as well as associates Christian Lutz (Corporate/M&A, Munich), Miriam Peter (Financing, Frankfurt) and Christian Dankerl (Antitrust, Düsseldorf).

Involved fees earner: Alf-Henrik Bischke – Hengeler Mueller; Christian Dankerl – Hengeler Mueller; Wolfgang Groß – Hengeler Mueller; Andreas Hoger – Hengeler Mueller; Christian Lutz – Hengeler Mueller; Miriam Peter – Hengeler Mueller; Emanuel Strehle – Hengeler Mueller; Nikolaus Vieten – Hengeler Mueller; Malin Leffler – Roschier; Jeppa Persson – Roschier;

Law Firms: Hengeler Mueller; Roschier;

Clients: JOST Werke AG;