Jost works

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JOST Werke AG

logo
legal form Corporation
ISIN DE000JST4000
founding 1952
Seat Neu-Isenburg , Germany
management
  • Joachim Dürr, CEO
Number of employees 3500 (2020)
sales 736 million euros (2019)
Branch commercial vehicles
Website www.jost-world.com
Status: February 26, 2020

Company headquarters in Neu-Isenburg

JOST is a manufacturer and supplier of safety-relevant systems for commercial vehicles. The company has been listed on the Frankfurt Stock Exchange since July 20, 2017.

history

The company was founded in 1952 as a factory for ball bearing turntables. Four years later, the production of fifth wheel couplings began. JOST expanded to South Africa as early as 1960 and opened a plant in Chloorkop. A second plant in Germany was built in 1980 in Wolframs-Eschenbach to expand capacity . In 2000, the JOST plants expanded into the United States and opened a plant in Greeneville , Tennessee . A year later, the manufacturer of towbars Rockinger was taken over. In 2008, JOST was taken over by the private equity company Cinven . Further takeovers followed in 2008 with the manufacturer of trailer axle steering systems TRIDEC and Mercedes-Benz TrailerAxleSystems and in 2012 with the takeover of Edbro , a manufacturer of hydraulic cylinders . The company went public on July 20, 2017. Until January 2018, the previous owner Cinven sold all of the shares in JOST. The company has been on the SDAX since March 19, 2018 . The takeover of the Swedish company Ålö Holding AB , which specializes in agricultural front loaders , took place in 2020.

Locations

JOST has sales and production sites in over 20 countries on five continents. In Germany there are plants in Neu-Isenburg, Wolframs-Eschenbach and Waltershausen .

Individual evidence

  1. ↑ a b JOST Werke AG: JOST publishes preliminary results for the 2019 financial year. In: jost-world.com. JOST Werke AG, February 18, 2020, accessed on February 26, 2020 .
  2. ↑ Jost takes over Ålö. December 13, 2019, accessed February 26, 2020 .
  3. ↑ Jost-Werke: Truck supplier's IPO brings in 231 million euros. Retrieved February 26, 2020 .
  4. ↑ Cinven reaches agreement to acquire JOST Group , at www.cinven.com , accessed on September 22, 2018
  5. ↑ JOST Group signs agreement with Daimler AG on the acquisition of Mercedes-Benz TrailerAxleSystems , at www.cinven.com , accessed on September 22, 2018
  6. ↑ History - JOST , at www.jost-world.com , accessed on March 24, 2018
  7. ↑ a b JOST Werke AG Annual Report 2017 , at www.jost-world.com , accessed on March 24, 2018
  8. ↑ Jost , on www.cinven.com , accessed on September 22, 2018
  9. ↑ JOST is included in the SDAX , at www.ir.jost-world.com , accessed on March 24, 2017
  10. ↑ Julian Hoffmann: Agriculture in focus: JOST takes over Ålö Holding. January 13, 2020, accessed February 26, 2020 .
  11. ↑ Company. Retrieved on February 26, 2020 (German).