# JOST Werke closes acquisition of Ålö Holding

JOST Werke AG announced the successful closing of the acquisition of Ålö Holding AB, a leading manufacturer of agricultural front loaders. The transaction was completed on January 31, 2020, after antitrust approval, and Ålö will be consolidated as of February 1, 2020.

- Type: Acquisition
- Announced: 2020-01-31
- Where: Umeå, Sweden
- Value: $55.0M (50.0M EUR)
- Status: completed
- Products: agricultural front loaders, agricultural applications
- 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)

## Sources

- [jost-world.com](https://www.jost-world.com/corporate/mediacenter/news/jost-closes-acquisition-of-leading-manufacturer-of-agricultural-front-loaders-aaloe-holding-ab/), 2020-02-04: "JOST Werke AG announced today the successful closing of the acquisition of Ålö Holding AB."

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