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

JOST Werke SE signed agreements to acquire 100% of Crenlo do Brasil (Brazilian off-highway and agricultural machinery cab manufacturer) and LH Lift Oy (Finland, three-point linkage and hitches) for a combined purchase price of EUR 56 million.

- Type: Acquisition
- Announced: 2023-08-30
- Where: Brazil
- Value: $61.0M (56.0M EUR)
- Status: announced
- Products: off-highway cabs, agricultural machinery cabs, three-point linkage, hitches
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [JOST Werke](https://endata.com/companies/12278.md) (acquirer)
- [LH Lift Oy](https://endata.com/companies/69421.md) (target)
- [Crenlo do Brasil](https://endata.com/companies/72328.md) (target)

## Sources

- [inte.jost-world.com](https://inte.jost-world.com/corporate/investors/financial-news/jost-werke-se-jost-expands-regional-reach-and-enhances-product-portfolio-in-agri-2023-08-30/), 2023-08-30: "JOST expands regional reach and enhances product portfolio in Agriculture with two strategic acquisitions"

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