Belrise Industries Acquires Hyva India’s Tipper Body Business for $5.65 Million

Automotive and aerospace component manufacturer Belrise Industries Limited has completed the acquisition of Hyva India Private Limited’s Tipper Body Business for nearly USD 5.65 million. The deal allows Belrise to expand its commercial vehicle capabilities while securing production facilities in three key Indian industrial hubs.

What Happened

Belrise Industries Limited acquired the tipper body division from Hyva India Private Limited, which operates as a subsidiary of JOST Werke SE. The deal was finalized at an Enterprise Value (EV) to EBITDA valuation multiple of roughly 3.60x. Through this transaction, Belrise incorporates advanced tipping solution design and production assets that serve all five of India’s top commercial vehicle manufacturers. The acquired business brings a track record of operational efficiency, having logged approximately USD 1.57 million in EBITDA and a Return on Average Capital Employed (ROACE) of almost 20 percent for calendar year 2025.

Key Highlights

• Transaction Valuation: The business was acquired for around USD 5.65 million at an EV/EBITDA multiple of about 3.60x.
• Financial Performance: For calendar year 2025, the tipper body unit earned roughly USD 1.57 million in EBITDA with an ROACE close to 20 percent.
• Client Expansion: The deal adds a prominent European commercial vehicle original equipment manufacturer (OEM) to Belrise’s customer network, alongside existing relationships with India’s top five commercial vehicle makers.
• Geographic Footprint: Belrise acquires manufacturing sites in Pune, Jamshedpur, and Bengaluru.
• Strategic Positioning: The acquisition enhances Belrise’s standing as a Tier-0.5 supplier across commercial vehicles, infrastructure, construction, mining, and defence segments.

Why This Matters

This transaction significantly broadens Belrise’s product line and engineering expertise within the commercial mobility domain. By integrating Hyva India’s tipping body operations, Belrise strengthens its ability to deliver complete integrated systems to key automotive clients. Furthermore, adding production bases in Pune, Jamshedpur, and Bengaluru improves regional production distribution, allowing the company to efficiently address rising demand stemming from mining activities, construction projects, and infrastructure growth.

What to Watch Next

Swastid Badve, General Manager at Belrise Industries Limited, emphasized that the firm is focusing on executing a seamless operational transition for all customers, staff, suppliers, and partners. Stakeholders can watch for ongoing investments aimed at supporting the future growth of the newly integrated tipper body division and expanding its global mobility solutions footprint.

Frequently Asked Questions

What was the purchase price of the acquisition?

The acquisition of Hyva India’s Tipper Body Business by Belrise Industries was valued at approximately USD 5.65 million.

Where are the acquired manufacturing facilities situated?

The deal includes manufacturing plants located in Pune, Jamshedpur, and Bengaluru.

Which sectors does Belrise Industries serve?

Belrise produces precision engineering solutions and safety-critical systems for two-wheelers, three-wheelers, passenger cars, commercial vehicles, agricultural machinery, aerospace, and defence sectors.

Source: Machine Maker