JOST acquires Ålö Holding AB

JOST has signed a purchase agreement to acquire Ålö Holding AB, one of the world's leading manufacturers of agricultural front loaders of the brand Quicke. The acquisition will transform JOST’s existing agricultural business into another cornerstone of the group.

Ålö is headquartered in Umeå, Sweden. It has production sites in Sweden, China, the U.S. and France as well as sales offices in all significant markets. The company develops, produces and markets its agricultural applications under the internationally renowned brand Quicke. Since its foundation in 1949, Ålö has become a leading company in the international market for agricultural front loaders. With about 700 employees and a worldwide market share of approximately 30 %, Ålö’s attractive product portfolio and wide customer network of OEMs and dealers will strengthen JOST’s presence in the agricultural sector.

The acquisition is subject to approval by the relevant antitrust authorities. Closing is expected to take place in the first quarter of 2020.

Press release