JOST Group signs agreement with Daimler AG on the acquisition of Mercedes-Benz TrailerAxleSystems JOST

Following completion of the transaction, JOST Group will be one of the largest manufacturers of trailer axles in Europe. JOST Group, the world’s leading producer of vehicle connection components for systems, modules and components for trucks & trailers, acquires Mercedes-Benz TrailerAxleSystems effective 1 January 2015, subject to the approval of the antitrust authorities. This was announced by Lars Brorsen, CEO of JOST Group, after signing the purchase agreement on Monday 27 October 2014. Both parties agreed not to disclose the purchase price. After the takeover of UK based Edbro in 2012, JOST Group with this acquisition takes the next major step in expanding its international business activities. Please refer to the official press release for further information:  Official Press release