JOST to acquire Hyva for $398m.

JOST, a global producer and supplier of safety-critical systems for commercial vehicles, agreed to acquire Hyva, a supplier of hydraulic solutions for commercial vehicles, for $398m. "The acquisition by JOST represents a great opportunity for Hyva. With JOST we have found a strong, long-term oriented industrial partner also committed to advance technology and supply customers with innovative and efficient solutions for transportation, agricultural, construction, mining and environmental commercial vehicle applications. Joining forces will strengthen our market position globally and expand our product offerings. My team and I look forward to bringing our businesses together, developing new markets and seizing new growth opportunities," Alex Tan, Hyva CEO.