Jost and Daimler complete deal for Mercedes-Benz TrailerAxleSystems29 October 2014

Commercial vehicle parts manufacturer Jost Group has now agreed terms with Daimler for the formal acquisition of Mercedes-Benz TrailerAxleSystems.

The deal was signed on Monday (27 October 2014) and will be effective from 1 January 2015, subject to approval by anti-trust authorities.

Both parties have agreed not to disclose the purchase price.

"We are delighted to welcome Mercedes-Benz TrailerAxleSystems to Jost Group," said Lars Brorsen, chief executive, describing it as a "natural strategic extension" of Jost's product portfolio.

Author
Laura Cork

Related Companies
Jost GB UK Ltd

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