Youness Arash, 25, Sheldon, and Adam Curran 25, Sparkbrook, were accused of robbery, possessing an imitation firearm and handling stolen goods.
Following a trial at Birmingham Crown Court, a jury cleared them of all charges.
A gang of five or six robbers used a stolen tipper truck to smash into a Birmingham jewellery shop in April last year. They went into the premises, put jewellery into holdalls, then the truck smashed another hole in a wall so they could get away.
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