Trade Resources Industry Views Jost Group Planning to Buy Mercedes-Benz TrailerAxleSystems From Daimler

Jost Group Planning to Buy Mercedes-Benz TrailerAxleSystems From Daimler

Germany based truck and trailer parts maker, Jost Group is planning to buy Mercedes-Benz TrailerAxleSystems from Daimler.

Mercedes-Benz TrailerAxleSystems manufactures axles for commercial vehicles and it could complement Jost Group's products.

Mercedes-Benz TrailerAxleSystems' parent company Daimler is presently looking for cost cuts up to €1.6 bn at its trucks division by the end of the year.

The acquisition is expected to be a part of the private-equity owner's strategy that is designed to put Jost onto a more international footing, ahead of a potential stock market listing.

Reuters reported Jost Chief Executive Lars Brorsen saying: "With the integration of Mercedes-Benz TrailerAxleSystems we could offer our clients a significantly expanded product portfolio."

Mercedes-Benz has not confirmed the reports about the acquisition yet.

 

 

Source: http://manufacturing.automotive-business-review.com/news/jost-looks-to-buy-mercedes-benz-traileraxlesystems-from-daimler-240914-4383514
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Jost Looks to Buy Mercedes-Benz TrailerAxleSystems From Daimler
Topics: Auto Parts