Belrise Industries Acquires Hyva India Tipper Body Business for $5.65M

Belrise Industries Limited has acquired the India Tipper body business of Hyva (India) Pvt. Ltd., a subsidiary of JOST Werke SE, on a slump sale basis for approximately USD 5.65 million. This acquisition, valued at an Enterprise Value (EV) to EBITDA multiple of 3.60x, strengthens Belrise's position as a Tier-0.5 supplier in the commercial vehicle sector. The acquired business reported an EBITDA of approximately USD 1.57 million in CY2025 with a ROACE of around 20%. The deal includes three manufacturing facilities and enhances Belrise's customer portfolio by adding a key European OEM, aligning with its strategy to expand in construction, mining, defense, and infrastructure sectors.