Aebi Schmidt Group Announces Successful Completion of Merger with The Shyft Group, Creating Global Specialty Vehicle Leader

CH-Frauenfeld, July 1, 2025 – Aebi Schmidt has successfully completed its merger with The Shyft Group. The combined company, which will operate as “Aebi Schmidt Group”, is strategically positioned as a global specialty vehicle leader.

The merger creates a world-class specialty vehicles leader with sales of around $2 billion per year. As a further result, the combined company will have over 70 locations worldwide, 40 of which are in the USA. “I'm excited that we're finally getting started,” said Barend Fruithof, the CEO of Aebi Schmidt who will continue to serve as the CEO of the combined company. “We have a lot of integration work ahead of us. But we are familiar with this type of situation and are optimistic that we will build an organization aimed at future growth.”

Shares of Aebi Schmidt Group are expected to begin trading on the NASDAQ (i) on a “when-issued” basis under the ticker symbol “AEBIV” on Tuesday, July 1, 2025 and (ii) on a “regular-way” basis under the ticker symbol “AEBI” on Wednesday, July 2, 2025.

Aebi Schmidt expects the merger to have a positive impact on earnings of the combined company based on geographical expansion, cross-selling and cost optimization.