#Merger #Shyft Group #Aebi Schmidt

The Shyft Group Advances Merger Plans with Aebi Schmidt

On May 14, 2025, The Shyft Group, Inc. (NASDAQ: SHYF) announced significant developments regarding its proposed merger with Aebi Schmidt Group, marking a crucial step toward the consolidation of these two industry leaders. Following the SEC's declaration of effectiveness regarding the registration statement on Form S-4 for Aebi Schmidt, Shyft has also filed a definitive proxy statement necessary for this merger.

This announcement indicates a positive trajectory for the ensuing shareholder vote scheduled for June 17, 2025, where shareholders of record as of May 13 will decide on the merger. The definitive proxy statement is pivotal, as it contains essential details, including combined U.S. GAAP financial results for 2024. The anticipated revenue from the merged entity is approximately $1.9 billion, with a projected adjusted EBITDA of $148 million, presenting a favorable outlook for the combined business.

James Sharman, the Chairman of Shyft’s Board of Directors, expressed his enthusiasm, stating, “The effectiveness of Aebi Schmidt's registration statement and our filing of the definitive proxy statement are critical milestones as we move closer to our upcoming shareholder vote.” He emphasized the importance of this merger, which aims to create a significantly stronger entity within the specialty vehicle manufacturing sector. This combination is expected to enhance operational scale, capabilities, and ultimately provide greater value to customers.

The merger promises to yield not only operational synergies but also expand the technological and product portfolios of both companies. With Shyft's stronghold in specialty commercial vehicles and Aebi Schmidt's robust reputation, they are well-positioned to dominate the market effectively. The new entity will assume the name