DSK Legal Advised JOST Werke SE On Acquisition Of Hyva Group
DSK Legal Advised JOST Werke SE On Acquisition Of Hyva Group
DSK Legal acted as the Indian legal counsel for JOST Werke SE (“JOST”) on the acquisition of the Hyva Group. The closing of the transaction is still subject to various approvals, in particular antitrust approvals.
JOST, one of the world's leading manufacturers and suppliers of safety-related systems for the commercial vehicle industry, has signed a purchase agreement with Unitas Capital Pte. Ltd. and NWS Holdings Limited for the acquisition of all shares in Hyva III B.V., including its direct and indirect subsidiaries worldwide (“Hyva”).
With the acquisition of the Hyva Group, JOST intends to further expand its global positioning as a supplier to the commercial vehicle industry. The company operates sales and manufacturing facilities in over 25 countries on six continents and serves manufacturers, dealers and end customers in the transportation, agricultural and construction industries worldwide. JOST currently employs over 4,500 people worldwide and is listed on the Frankfurt Stock Exchange.
Hyva is a leading provider of hydraulic solutions for commercial vehicles. Founded in 1979, the company is headquartered in the Netherlands and supplies customers in more than 110 countries. With around 3,000 employees worldwide, Hyva has 14 production facilities in China, India, Brazil, Mexico, Germany and Italy, supplying customers in the transportation, agriculture, construction, mining and environmental industries.
DSK Legal advised and assisted JOST in:
(a) conducting legal due diligence on the Indian subsidiary of the Company;
(b) reviewing the disclosure letter;
(c) advising and reverting on the queries raised by the W&I insurer;
(d) advising on other deal matters; and
(e) the merger control filing in relation to the transaction in India.
Mayer Brown is advising JOST comprehensively on the acquisition of the Hyva Group. Mayer Brown's offices in Germany, England, China, Hong Kong, the USA and Brazil were involved in particular, with DSK Legal assisting on the Indian leg of the transaction.
At JOST, Dr. Thilo Oldiges, General Counsel, is responsible for the legal aspects.
The team at DSK Legal representing JOST comprised of:
Partners Aparajit Bhattacharya and Harvinder Singh, Associate Partner Shruti Dogra, Principal Associate Shubhi Ameriya, Senior Associates Manhar Gulani and Mala Mehto, and Associates Brijesh Ranjan Sahoo, Sumedha Tewari, and Dhvani Shah.
Competition Team: Partner Kunal Mehra, Principal Associate Danish Khan, and Associate Aakrit Aditya Sharma.
Partner Aparajit Bhattacharya acted as the relationship Partner, and Partner Harvinder Singh acted as the lead engagement partner on the transaction.
