# JOST acquires Crenlo do Brasil and LH Lift for EUR 56 million

JOST has signed agreements to acquire 100% of Crenlo do Brasil, a Brazilian manufacturer of applications for agricultural and off-highway machinery, and LH Lift Oy, a Finnish maker of three-point linkages and hitches for tractors. The combined purchase price is EUR 56 million, expected to add around EUR 100 million in sales.

- Type: Acquisition
- Announced: 2023-03-30
- Value: $61.0M (56.0M EUR)
- Status: announced
- Products: off-highway and agricultural machinery components, three-point linkages, hitches
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [JOST](https://endata.com/companies/53786.md) (acquirer)
- [Crenlo do Brasil Engenharia de Cabines LTDA](https://endata.com/companies/69420.md) (target)
- [LH Lift Oy](https://endata.com/companies/69421.md) (target)

## Sources

- [inte.jost-world.com](https://inte.jost-world.com/corporate/mediacenter/news/jost-erwirbt-crenlo-do-brasil-und-lh-lift/), 2023-03-30: "Together, these acquisitions will expand JOST’s current product portfolio while at the same time significantly broadening JOST’s current global reach with new markets and new customers in Brazil and in Asia."

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