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P ACQUISITIONS
26th June 2008, Page 13
26th June 2008
Page 13
Page 13, 26th June 2008
— P ACQUISITIONS
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International. private equity firm buys Jost
EQUITY FIRM CIN VEN has acquired truck components supplier Jost for an estimated €525m (£414.7m).
The German-based group Jost manufactures systems and components for trucks. offering parts such as fifth wheels and landing gears. Its partnership with the international private equity firm is designed to build Jost's global brand and presence.
Mike Johnson, sales and marketing director at Jost, says: "They're an organisation interested in expansion: that's got to be a good thing."
In a statement. Bruno Schick, principal at Cinven Germany, makes reference to economic growth in Asia and Eastern Europe. Schick claims: "Demand for trucks will continue to grow."