Media centre

All Group media enquiries should be directed to
Vanessa Maydon, Corporate Affairs Director.

Cinven Partners LLP
Warwick Court
Paternoster Square
London EC4M 7AG

Tel: +44 (0)20 7661 3325
Mob: +44 (0)7802 961 902
Email: Vanessa Maydon

Press releases

JOST
10 June 2008

Cinven reaches agreement to acquire JOST Group

Highly attractive investment / leading global manufacturer of systems, modules and components for the truck industry / multiple growth drivers

Frankfurt, 10 June 2008 – Cinven, one of the leading international private equity firms, today announced that it has reached an agreement to acquire German truck supplier JOST group (“JOST”). The purchase price is undisclosed. JOST is a leading global manufacturer of systems, modules and components for the truck industry, including fifth wheels, towing hitches, landing gears and articulated steering systems.

The company is active in all continents with its strong brands JOST, ROCKINGER, REGENSBURGER and TRIDEC. Several strong growth drivers provide exceptional expansion opportunities: outstanding products with excellent brand reputation; a diversified customer base with high loyalty; growing international markets as well as acquisition opportunities in the core business and adjacent segments.

JOST employs approx. 2,000 people in 20 countries and has a highly successful and sustainable business model that combines organic and external growth. JOST has grown significantly faster than the market over the past five years and has been able to increase annual sales at double digit rates on average to around €445 million in 2007.

Last month JOST completed the acquisition of Tridec, one of the leading manufacturers of mechanical and hydraulic steering systems. Through the acquisition of TRIDEC, both companies will benefit from positive growth synergies: the product portfolio of JOST will be complemented and sales activities of TRIDEC will benefit from the worldwide distribution capabilities of JOST.

Bruno Schick, Principal at Cinven Germany, said: “Demand for trucks will continue to grow due to strong economic growth in Eastern Europe and Asia. We are delighted to have acquired JOST, a fast growing leader whose brand stands for quality and safety. We will support the strategy of the outstanding management team and we will invest in growth, geographic expansion, product extension and the further strengthening of its market leadership.”

JOST holds excellent market positions in its core markets. With locations in Eastern Europe, China, Brazil and India, JOST is also well-positioned for further development in these important growth markets. JOST has been active in China, the largest market for the truck industry worldwide, since 1992.

Lars Brorsen, Chief Executive Officer of JOST group: “With Cinven, we are delighted to have a partner with whom we can continue our successful growth strategy. Cinven will financially support our ongoing international expansion as well as additional acquisitions. JOST is well positioned to further expand our leading position.”

The transaction is subject to regulatory clearance.

 

Portfolio company videos

 Clinical Trials

Bioclinica

Clinical Trials

 Travel services provider

Hotelbeds Group

Travel services provider

 Truck component manufacturer

Jost

Truck component manufacturer

 Footwear and accessories retailer

Kurt Geiger

Footwear and accessories retailer

 Contract research organisation

Medpace

Contract research organisation

 Electronic security and alarm systems

Pronet

Electronic security and alarm systems

 Property valuation and advisory services

Tinsa

Property valuation and advisory services

 Ufinet is a neutral telecom operator.

Ufinet

Ufinet is a neutral telecom operator.

 Business services software

Visma

Business services software

Media contacts

Cinven

Vanessa Maydon
Corporate Affairs Director
Tel : +44 (0)20 7661 3325
Mob : +44 (0)7802 961 902
Email : Vanessa Maydon

Clare Bradshaw
Communications Manager
Tel : +44 (0)20 7667 3248
Mob : +44 (0)7881 918 967
Email : Clare Bradshaw

UK - FTI Consulting

Edward Bridges
Tel : +44 (0)20 7269 7147
Mob : +44 (0)7768 216 607
Email : Edward Bridges

Stephanie Ellis
Tel : +44 (0)20 3727 1173
Mob : +44 (0)7890 543 056
Email : Stephanie Ellis

France โ€“ FTI Consulting

Guillaume Granier
Tel : +33 (0)1 47 03 68 61
Mob : +33 (0)6 32 65 79 28
Email : Guillaume Granier

Caroline Guilhaume
Tel : +33 (0)1 47 03 68 17
Mob : +33 (0)6 38 91 88 51
Email : Caroline Guilhaume

Germany - FTI Consulting

Lutz Golsch
Tel : +49 (0)69 920 37 110
Mob : +49 (0)173 651 7710
Email : Lutz Golsch

Daniel Herbert
Tel : +49 (0)69 920 37 183
Mob : +49 (0)151 122 63834
Email : Daniel Herbert

US - Joele Frank

Jonathan Keehner
Tel : +1 212.355.4449
Mob : +1 917 589 2073
Email : Jonathan Keehner

Julie Oakes
Tel : +1 212.355.4449
Mob : +1 917 574 7263
Email : Julie Oakes

Spain โ€“ Groupo Albion

Alejandra Moore Mayorga
Tel : +34 91 531 23 88
Email : Alejandra Moore Mayorga

Sofia Garcia
Tel : +34 91 531 23 88

Italy โ€“ Community Group

Roberto Patriarca
Tel : +39 02 89 40 42 31
Mob : +39 335 65 09 568
Email : Roberto Patriarca

Marco Pedrazzini
Tel : +39 02 89 83 66 21
Mob : +39 347 0369 222
Email : Marco Pedrazzini