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.
