PRINT THIS PAGE PPM Capital pays €320m for German truck components firm Jost27/06/2005. Source: AltAssets. 
 Pan-European buy-out firm PPM Capital has agreed to buy Jost Group, a Germany-based manufacturer of components for commercial vehicles, from its present owners Alpha Investors for €320m. PPM plans to assist the business with further internationalisation of its activities.
Jost, founded in 1954, is headquartered near Frankfurt and specialises in making parts for connecting trucks and trailer units. It generated revenues of €300m in 2004 and employs around 1500 worldwide, with production facilities in western Europe, Central and Eastern Europe, Asia, Brazil, Africa and the US.
Guido May, a director at PPM, said, 'Jost is an exceptional business with market leading positions in Europe, the US and Asia. We see this acquisition as an excellent opportunity to continue our strategy of investing in and supporting niche businesses which have global presence and significant growth potential.'
PPM focuses on mid-market transactions in Europe. The firm has offices in London, Munich and Paris.
Recent deals include the €110m acquisition of Muller & Weygandt from Permira and the $575m acquisition of Pharmacia Diagnostics from Pfizer.
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