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 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”.