Global law firm White & Case LLP has advised Hyva, a leading provider of transport solutions for commercial vehicles, and its parent JOST Werke SE (JOST), on the sale of Hyva’s global cranes business to private equity investor Mutares.
Hyva's cranes division designs, manufactures and services truck-mounted cranes, with manufacturing and assembly facilities in Italy, Brazil and China and a global network of sales and distribution offices and generates annual revenue of approximately €100 million.
The divestment follows JOST’s earlier acquisition of Hyva and forms part of its strategy to focus on integrating Hyva's core portfolio. The divestment is expected to close during the fourth quarter of 2025, subject to the implementation of the legal carve-out of the crane business in multiple jurisdictions and customary closing conditions.
The White & Case team which advised on the transaction was led by partners Stefan Bressler (Frankfurt & Hamburg) and Thilo Diehl (Frankfurt) and included partners Thilo Wienke (Düsseldorf), Sebastian Stütze, Bodo Bender (both Frankfurt), Orion Berg (Paris) and Alan Bao (Beijing), local partners Mathias Bogusch and Alisa Preissler (both Frankfurt) and associates Fabian Mayer (Berlin), Maximilian Eichhorn, Enno Miedtank (both Hamburg) and Qianru Hong (Shanghai).
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