# JOST Werke acquires LH Lift Oy

JOST Werke SE has signed a purchase agreement to acquire LH Lift Oy, a Finnish manufacturer of three-point linkages and hitches for agricultural tractors. LH Lift has production sites in Finland and China with about 88 employees.

- Type: Acquisition
- Announced: 2023-08-31
- Where: Laukaa, Finland, Finland
- Value: $107.0M (100.0M EUR)
- Jobs: 88
- Status: announced
- Products: three-point linkages, hitches for agricultural tractors
- Sectors: [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

- [jost-world.com](https://www.jost-world.com/corporate/mediacenter/press-releases/press-releases-listing/jost-acquires-lh-lift-a-well-established-supplier-and-manufacturer-of-three-point-linkages-and-hitches-for-agricultural-tractors/), 2023-08-31: "With LH Lift we are integrating a well-established manufacturer of three-point linkages and hitches, serving customers in Europe and China."
- [3j.fi](https://3j.fi/en/reference/lh-liftin-myynti-jost-werke-selle/), 2023-09-12: "The acquisition of Crenlo do Brasil and LH Lift are key steps towards JOST's strategic expansion in the agricultural machinery market."

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