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Aebi Schmidt Group has successfully completed the merger with the Shyft Group and can start work as a global speciality vehicle manufacturer

CH-Frauenfeld, 1 July 2025 - Aebi Schmidt has successfully completed the merger with The Shyft Group and the joint company, which will continue to operate as the Aebi Schmidt Group, is ready to commence operations.

The merger will create the world's leading speciality vehicle manufacturer with a turnover of around USD 2 billion. As a result of the takeover, the new company has over 70 locations worldwide, 40 of which are in the USA. "I am delighted that things are finally getting underway," says the old and new CEO of Aebi Schmidt, Barend Fruithof: "We have a lot of integration work ahead of us. But we are already familiar with this kind of situation and are optimistic that we will create a growth-oriented organisation."

The shares of the Aebi Schmidt Group will be traded on NASDAQ under the ticker symbol "AEBIV" in "when-issued" trading from Tuesday, 1 July 2025 and will be listed in regular way trading under the ticker symbol "AEBI" from Wednesday, 2 July 2025.

The merger is expected to have a positive impact on earnings. This is thanks to geographical expansion, cross-selling and cost optimisation.