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Group",[54,55],1750690234,{"fullpath":177,"metadata":105,"modificationDate":178,"resolutions":179,"resolutions_webp":187,"dimensions":192,"__typename":196},"/CMS/Blog/AebiSchmidtGroup_PressRelease_Picture.jpg",1713888128,[180,184],{"url":181,"resolution":182,"__typename":183},"/CMS/Blog/157145/image-thumb__157145__is-full-wide-cover-fp/AebiSchmidtGroup_PressRelease_Picture.76774376.jpg",1,"resolutions",{"url":185,"resolution":186,"__typename":183},"/CMS/Blog/157145/image-thumb__157145__is-full-wide-cover-fp/AebiSchmidtGroup_PressRelease_Picture@2x.76774376.jpg",2,[188,190],{"url":189,"resolution":182,"__typename":183},"/CMS/Blog/157145/image-thumb__157145__is-full-wide-cover-fp/AebiSchmidtGroup_PressRelease_Picture.76774376.webp",{"url":191,"resolution":186,"__typename":183},"/CMS/Blog/157145/image-thumb__157145__is-full-wide-cover-fp/AebiSchmidtGroup_PressRelease_Picture@2x.76774376.webp",{"height":193,"width":194,"__typename":195},1200,1800,"dimensions","asset",{"fullpath":177,"metadata":105,"modificationDate":178,"resolutions":198,"resolutions_webp":203,"dimensions":208,"__typename":196},[199,201],{"url":200,"resolution":182,"__typename":183},"/CMS/Blog/157145/image-thumb__157145__is-8-width/AebiSchmidtGroup_PressRelease_Picture.a1a743f0.jpg",{"url":202,"resolution":186,"__typename":183},"/CMS/Blog/157145/image-thumb__157145__is-8-width/AebiSchmidtGroup_PressRelease_Picture@2x.a1a743f0.jpg",[204,206],{"url":205,"resolution":182,"__typename":183},"/CMS/Blog/157145/image-thumb__157145__is-8-width/AebiSchmidtGroup_PressRelease_Picture.a1a743f0.webp",{"url":207,"resolution":186,"__typename":183},"/CMS/Blog/157145/image-thumb__157145__is-8-width/AebiSchmidtGroup_PressRelease_Picture@2x.a1a743f0.webp",{"height":193,"width":194,"__typename":195},"2025-04-04 00:00:00","\u003Cp>CH-Frauenfeld, April 4, 2025 – Aebi Schmidt Group («Aebi Schmidt»), the global leader in intelligent solutions for customers who care for clean and safe infrastructure and cultivate challenging grounds, announced that it has filed a registration statement on Form S-4 with the Securities and Exchange Commission («SEC») relating to their previously announced proposed merger («Merger»).\u003C/p>\n",[212,216,220],{"id":213,"name":214,"tagname":214,"__typename":215},"8001","Group","object_BTag",{"id":217,"name":218,"tagname":219,"__typename":215},"3437561","Press release","Pressrelease",{"id":221,"name":222,"tagname":222,"__typename":215},"3445176","Investors",{"parent":224,"__typename":228},{"parent":225,"__typename":228},{"id":226,"route":227,"__typename":18},"3445136","/en/news/","object_CContainer",[230,233,240],{"layout":56,"caption":105,"text":231,"image":105,"image21fp":105,"__typename":232},"\u003Cul>\n\t\u003Cli>Combined U.S. GAAP revenues of $1.9 billion and adjusted EBITDA of $148 million in 2024\u003C/li>\n\t\u003Cli>Upon transaction close, combined company will be named Aebi Schmidt Group and will be listed and traded on Nasdaq under the symbol «AEBI»\u003C/li>\n\t\u003Cli>New Leadership Team announced\u003C/li>\n\u003C/ul>\n\n\u003Cp> \u003C/p>\n\n\u003Cp>The registration statement includes a preliminary prospectus and proxy statement in connection with the Merger. Although the registration statement has not yet become effective and the information contained therein is subject to change, it provides important information about The Shyft Group, Aebi Schmidt Group, and the Merger. The registration statement includes pro forma U.S. GAAP financial results for 2024, including combined revenues of $1.9 billion and adjusted EBITDA of $148 million. The expected close date of the Merger is mid-2025, which is subject to the registration statement being declared effective by the SEC, approval by shareholders of The Shyft Group, and other customary closing conditions.\u003C/p>\n\n\u003Cp>Upon closure of the Merger, the combined company is expected to be named Aebi Schmidt Group and its shares will be listed and traded on the Nasdaq under the ticker symbol «AEBI».\u003C/p>\n\n\u003Cp>«Filing the S-4 is a critical step toward completion of the Merger, marking the start of the SEC review process,» said Barend Fruithof, CEO of the Aebi Schmidt Group. «Aebi Schmidt’s Board of Directors firmly believes this combination unlocks significant long-term shareholder value.»\u003C/p>\n\n\u003Cp> \u003C/p>\n\n\u003Cp>The new leadership team has been confirmed from both sides:\u003C/p>\n\n\u003Cp>Group CEO | Barend Fruithof (until now: Aebi Schmidt)\u003C/p>\n\n\u003Cp>Group CFO | Marco Portmann (new)\u003C/p>\n\n\u003Cp>President Powered Vehicles / CEO North America | Steffen Schewerda (Aebi Schmidt)\u003C/p>\n\n\u003Cp>President Commercial and Fleet | Jacob Farmer (Shyft)\u003C/p>\n\n\u003Cp>CEO Europe | Henning Schröder (Aebi Schmidt)\u003C/p>\n\n\u003Cp>Chief Group Services | Thomas Schenkirsch (Aebi Schmidt)\u003C/p>\n\n\u003Cp>Chief Supply Chain | Stefan Kaltenbach (Aebi Schmidt)\u003C/p>\n\n\u003Cp>Chief Engineering | Marcus Scherer (Aebi Schmidt)\u003C/p>\n\n\u003Cp>Group General Counsel | Josh Sherbin (Shyft)\u003C/p>\n\n\u003Cp> \u003C/p>\n\n\u003Cp>Marco Portmann has been named Chief Financial Officer of the Aebi Schmidt Group and will be the only external member of the new executive team. Portmann joins with over 20 years of experience, including as Chief Financial Officer, at Swiss Steel Group, which is Europe's leading supplier of sustainably produced steels and generated revenues of €2.5 billion in 2024.\u003C/p>\n\n\u003Cp>Peter Spuhler, Aebi Schmidt’s Chairman of the Board, said, «I would like to congratulate the new leadership team, and thank the existing management team of the Aebi Schmidt Group for their contribution. I am convinced that, with this transaction, the new company will be strategically well positioned for the future.»\u003C/p>\n","fieldcollection_CTextImage",{"layout":113,"items":234,"__typename":169},[235],{"title":236,"image":105,"externalUrl":56,"relation":56,"target":237,"targetAnchor":56,"cssClasses":56,"urlParametersFrom":105,"__typename":122},"Download Original Press Release",{"filename":238,"fullpath":239,"__typename":196},"AebiSchmidtGroup_PressRelease_SECFiling_250404.pdf","/Corporate/Press-Releases/free-to-use/AebiSchmidtGroup_PressRelease_SECFiling_250404.pdf",{"layout":113,"items":241,"__typename":169},[242],{"title":243,"image":105,"externalUrl":56,"relation":56,"target":244,"targetAnchor":56,"cssClasses":56,"urlParametersFrom":105,"__typename":122},"S-4 Filing Supplement Presentation (PDF)",{"filename":245,"fullpath":246,"__typename":196},"SECFiling_SupplementPresentation_20250404.pdf","/Corporate/Press-Releases/free-to-use/SECFiling_SupplementPresentation_20250404.pdf",{"210":248,"3445136":249,"3445139":250},"/pl-pl/produkty-i-rozwiazania/produkty/","/pl-pl/nowosci/","/pl-pl/kontakt/filie-i-dystrybutorzy/",[252,262,270],{"target":253,"title":261},{"id":254,"name":255,"route":248},210,{"t":256,"b":257},0,{"t":186,"i":258,"s":261},[259],{"t":260},3,"Poznaj produkty",{"target":263,"title":269},{"id":264,"name":265,"route":250},3445139,{"t":256,"b":266},{"t":186,"i":267,"s":269},[268],{"t":260},"Znajdź lokalne osoby kontaktowe",{"target":271,"title":277},{"id":272,"name":273,"route":249},3445136,{"t":256,"b":274},{"t":186,"i":275,"s":277},[276],{"t":260},"Aktualności i nowości",1779485141697]