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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.
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.