Shyft Group Completes Merger With Aebi Schmidt Unit-February 2024-www.financetom.com

Shyft Group Completes Merger With Aebi Schmidt Unit

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Shyft Group Completes Merger With Aebi Schmidt Unit

Jul 1, 2025 5:22 AM

08:04 AM EDT, 07/01/2025 (MT Newswires) -- Shyft Group ( SHYF ) said Tuesday that it had completed its merger with a unit of agricultural machinery manufacturer Aebi Schmidt Group.

The combined company, known as the Aebi Schmidt Group, is expected to begin trading on the Nasdaq Wednesday under the ticker symbol "AEBI."

The company said that on a GAAP pro forma basis the Aebi Schmidt Group had $1.9 billion in combined revenue and $148 million in adjusted Ebitda in 2024.

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