Strategic Alliance: Shyft Group merges with Aebi Schmidt

The Shyft Group has announced a merger with the Swiss company Aebi Schmidt, which is expected to form a leading company in the special vehicles sector. Shareholders of the Shyft Group can be pleased, as each of their shares will be converted into 1.04 shares of the new company. The merger, which has been given the green light by the boards of both companies, promises significant value creation potential for shareholders: synergies estimated at 25 to 30 million dollars within two years are notable. Additionally, a pro forma revenue of 1.95 billion dollars and an adjusted EBITDA of 200 million dollars are expected. With its global presence in North America and Europe, the new company will not only improve customer service but also drive growth in the competitive market. A strong leadership team is ready to drive long-term profitable growth. The Shyft Group operates in the special vehicle sector, offering manufacturing, assembly, and upfitting services for the commercial, retail, and service markets. Its focus is mainly on North America and Europe. The Shyft Group is particularly known for its expertise in the upfitting of commercial vehicles and infrastructure-related solutions.