Hengeler Mueller advises JOST on Acquisition of Ålö Holding AB
13. December 2019
JOST Werke AG ("JOST"), a leading global producer and supplier of safety-critical systems for commercial vehicles, 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.
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 (Munich), 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).