AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

P ACQUISITIONS

26th June 2008, Page 13
26th June 2008
Page 13
Page 13, 26th June 2008 — P ACQUISITIONS
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

International. private equity firm buys Jost

EQUITY FIRM CIN VEN has acquired truck components supplier Jost for an estimated €525m (£414.7m).

The German-based group Jost manufactures systems and components for trucks. offering parts such as fifth wheels and landing gears. Its partnership with the international private equity firm is designed to build Jost's global brand and presence.

Mike Johnson, sales and marketing director at Jost, says: "They're an organisation interested in expansion: that's got to be a good thing."

In a statement. Bruno Schick, principal at Cinven Germany, makes reference to economic growth in Asia and Eastern Europe. Schick claims: "Demand for trucks will continue to grow."

Tags


comments powered by Disqus