Aebi Schmidt Group provides post-merger update

Aebi Schmidt Group (NASDAQ: AEBI) completed its merger with The Shyft Group on July 1, 2025, according to a company statement. The specialty vehicles manufacturer began trading under the ticker symbol "AEBI" on July 2, 2025.

The Shyft Group's final trading day was June 30, 2025, closing at $12.54 per share. The share exchange ratio was approximately 1.04, resulting in an implied share price of $12.06 for Aebi Schmidt. The company's first trading day closed at $11.18 per share and finished at $11.07 on July 11, 2025.

The combined company targets synergies of $25 to $30 million, according to CEO Barend Fruithof. The company will operate under two segments: North America led by Steffen Schewerda, and Europe and Rest of World led by Henning Schröder.

As of June 30, 2025, the company reported unaudited proforma net debt of $503 million on a combined basis. The merged entity has equity exceeding $700 million, representing approximately 40% equity ratio. The fully diluted share count stands at 78.2 million shares.

The company generated proforma net sales of $1.9 billion in 2024 and employs over 6,000 people following the merger completion. Production facilities and service centers are located in Europe and North America.

Aebi Schmidt scheduled its second quarter 2025 earnings conference call for August 14, 2025, at 8:30 A.M. Eastern Time. Fruithof and Chief Financial Officer Marco Portmann will lead the call.

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