# JOST to acquire Ålö from Altor

Altor Fund III, Fort Knox Förvaring AB and management investors signed an agreement to divest Ålö Holding AB, a world leader in agricultural front loaders, to JOST Werke AG. The transaction is expected to close in early 2020, subject to merger control approval.

- Type: Acquisition
- Announced: 2019-12-13
- Where: Sweden
- Status: announced
- Products: front loaders, agricultural implements
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [JOST Werke](https://endata.com/companies/12278.md) (acquirer)
- [Ålö AB](https://endata.com/companies/36975.md) (target)
- [Altor Equity Partners](https://endata.com/companies/43919.md) (investor)

## Sources

- [news.cision.com](https://news.cision.com/altor/r/altor-to-divest-alo-to-jost,c2989823), 2019-12-13: "We are pleased to have found an excellent new home for Ålö."
- [jost-world.com](https://www.jost-world.com/corporate/mediacenter/news/jost-acquires-aaloe-holding-ab/), 2019-12-13: "With Ålö we are acquiring one of the largest manufacturers of agricultural front loaders worldwide."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.