- The Shyft Group (NASDAQ: SHYF) successfully merges with Aebi Schmidt Holding AG, forming Aebi Schmidt Group, a global leader in specialty vehicles.
- Aebi Schmidt Group to begin NASDAQ trading with ticker "AEBIV" on July 1, 2025, followed by "AEBI" on July 2, 2025.
- Shyft's common stock is delisted from NASDAQ as part of the merger.
The Shyft Group (NASDAQ: SHYF) has finalized its merger with Aebi Schmidt Holding AG, resulting in the establishment of a new global powerhouse in the specialty vehicle sector, known as Aebi Schmidt Group. This merger combines Shyft’s robust leadership in North American specialty vehicle manufacturing with Aebi Schmidt’s extensive global capabilities in infrastructure, environmental, and agricultural solutions.
Post-merger, the newly-formed Aebi Schmidt Group will debut trading on NASDAQ under the ticker "AEBIV" for when-issued transactions beginning July 1, 2025, and transition to "AEBI" for regular-way trading on July 2, 2025. Consequently, Shyft's previous common stock will be delisted from NASDAQ.
With Aebi Schmidt Group at the helm, Barend Fruithof has been appointed as the Group Chief Executive Officer, while James Sharman will serve as Chairman of the Board. Their leadership aims to leverage the merger's scale to fortify global market positioning, accelerate innovation, and deliver long-term value to stakeholders.
This strategic alignment positions Aebi Schmidt Group to capitalize on expanded market reach across North America and Europe, integrate complementary product portfolios, and optimize operational efficiencies.
