Shyft and Aebi Schmidt to merge, forming a specialty vehicles company

The merger, set for completion by mid-2025, aims to create a company with $1.95 billion projected revenue and over $200 million in adjusted EBITDA

North America’s The Shyft Group, a company involved in specialty vehicle manufacturing, assembly and upfit for the commercial, retail and service specialty vehicle industry, along with Aebi Schmidt Group, have announced a definitive agreement to merge in an all-stock transaction, anticipated to create a leading specialty vehicles company, according to a press release dated Dec. 16.