Alantra has advised Altor on the sale of Ålö to JOST

Frankfurt a.M./ Stockholm – Alantra, the independent global mid-market investment banking, asset management and portfolio advisory firm, acted as joint advisor to the financial investor Altor Fund III (“Altor”) on the sale of its portfolio company Ålö Holding AB (“Ålö”) to Jost Werke AG (“Jost”), a commercial vehicle supplier based in Hesse, together with Swedbank. The agreed purchase price corresponds to an enterprise value of min EUR 250 million.

As the world’s leading supplier of fifth wheels and landing gear, Jost, with its brands Jost, Rockinger, Tridec and Edbro, is the market leader in vehicle interface systems for the commercial vehicle industry.

With the acquisition of Ålö a Swedish-based world market leader for high-quality front loaders and associated implements, Jost is entering the market for handling solutions in the so-called off-highway sector.

“We are pleased to have found an excellent new home for Ålö” says Bengt Maunsbach, Partner at Altor. “JOST has strong capabilities to support Ålö in developing its many important OEM relationships and a global manufacturing footprint that will both open up new markets and provide economies of scale”.

Frank Merkel, Managing Partner at Alantra, said on the occasion of the transaction: “This transaction is a great example of two ‘hidden champions’ who complement each other perfectly in their product offering and together have all the ingredients for an even stronger growth story. We are delighted to have been able to accompany the creation of this combination and at the same time are proud that we have now successfully advised Altor the second time within the last 3 months. This deal marks the sixth cross-border transaction involving a team of Alantra Germany and Alantra Nordics in 2019.”

The transaction which is subject to merger control/anti-trust approval and is expected to be completed by early 2020.