Aebi Schmidt Group Provides Post-Merger Investor Update
Aebi Schmidt Group (NASDAQ: AEBI) has provided key updates following its merger with The Shyft Group, completed on July 1, 2025. The merger was executed with a share exchange ratio of 1.04, with Aebi Schmidt's implied share price of $12.06. The company's stock closed at $11.07 on July 11, 2025.
The combined entity will operate under two segments: North America and Europe/Rest of World. The company targets synergies of $25-30 million and maintains a strong balance sheet with over $700 million in equity (40% equity ratio). The unaudited proforma net debt stands at $503 million, with deleveraging planned over 12-18 months. The company has a fully diluted share count of 78.2 million.
Aebi Schmidt Group (NASDAQ: AEBI) ha fornito aggiornamenti chiave a seguito della sua fusione con The Shyft Group, completata il 1° luglio 2025. La fusione è stata effettuata con un rapporto di scambio azionario di 1,04, con un prezzo implicito per azione di Aebi Schmidt pari a 12,06 dollari. Il titolo ha chiuso a 11,07 dollari l'11 luglio 2025.
La società risultante opererà in due segmenti: Nord America e Europa/Resto del Mondo. L’azienda punta a sinergie tra 25 e 30 milioni di dollari e mantiene un bilancio solido con oltre 700 milioni di dollari di patrimonio netto (rapporto di capitale proprio del 40%). Il debito netto proforma non revisionato ammonta a 503 milioni di dollari, con un piano di riduzione del debito previsto in 12-18 mesi. Il numero totale di azioni diluite è di 78,2 milioni.
Aebi Schmidt Group (NASDAQ: AEBI) ha proporcionado actualizaciones clave tras su fusión con The Shyft Group, completada el 1 de julio de 2025. La fusión se realizó con una proporción de intercambio de acciones de 1,04, con un precio implícito por acción de Aebi Schmidt de 12,06 dólares. Las acciones cerraron a 11,07 dólares el 11 de julio de 2025.
La entidad combinada operará bajo dos segmentos: Norteamérica y Europa/Resto del Mundo. La compañía apunta a sinergias de 25 a 30 millones de dólares y mantiene un balance sólido con más de 700 millones de dólares en patrimonio (40% de ratio de capital). La deuda neta proforma no auditada asciende a 503 millones de dólares, con un plan de desapalancamiento previsto en 12-18 meses. El número total de acciones diluidas es de 78,2 millones.
Aebi Schmidt Group (NASDAQ: AEBI)는 2025년 7월 1일 완료된 The Shyft Group과의 합병 후 주요 업데이트를 제공했습니다. 합병은 1.04의 주식 교환 비율로 진행되었으며, Aebi Schmidt의 암시 주가는 12.06달러였습니다. 회사 주가는 2025년 7월 11일 11.07달러로 마감했습니다.
통합 법인은 북미 및 유럽/기타 지역 두 개 부문으로 운영됩니다. 회사는 2,500만~3,000만 달러의 시너지 효과를 목표로 하며, 7억 달러 이상의 자본(자본 비율 40%)을 보유한 견고한 재무구조를 유지합니다. 감사되지 않은 프로포마 순부채는 5억 3천만 달러이며, 12~18개월 내에 부채 감축 계획이 있습니다. 완전 희석 주식 수는 7,820만 주입니다.
Aebi Schmidt Group (NASDAQ : AEBI) a communiqué des mises à jour clés suite à sa fusion avec The Shyft Group, finalisée le 1er juillet 2025. La fusion a été réalisée avec un ratio d’échange d’actions de 1,04, avec un cours implicite de l’action Aebi Schmidt à 12,06 dollars. Le cours de l’action a clôturé à 11,07 dollars le 11 juillet 2025.
L’entité combinée opérera sous deux segments : Amérique du Nord et Europe/Reste du Monde. L’entreprise vise des synergies comprises entre 25 et 30 millions de dollars et maintient un bilan solide avec plus de 700 millions de dollars de capitaux propres (ratio de fonds propres de 40 %). La dette nette pro forma non auditée s’élève à 503 millions de dollars, avec un plan de désendettement prévu sur 12 à 18 mois. Le nombre total d’actions entièrement diluées est de 78,2 millions.
Aebi Schmidt Group (NASDAQ: AEBI) hat wichtige Neuigkeiten nach der Fusion mit The Shyft Group bekannt gegeben, die am 1. Juli 2025 abgeschlossen wurde. Die Fusion erfolgte mit einem Aktientauschverhältnis von 1,04 und einem impliziten Aktienkurs von Aebi Schmidt von 12,06 US-Dollar. Der Aktienkurs schloss am 11. Juli 2025 bei 11,07 US-Dollar.
Das kombinierte Unternehmen wird in zwei Segmenten tätig sein: Nordamerika und Europa/Rest der Welt. Das Unternehmen strebt Synergien von 25 bis 30 Millionen US-Dollar an und verfügt über eine starke Bilanz mit über 700 Millionen US-Dollar Eigenkapital (Eigenkapitalquote von 40 %). Die ungeprüfte Pro-forma-Nettoverschuldung beträgt 503 Millionen US-Dollar, mit einem geplanten Schuldenabbau über 12 bis 18 Monate. Die vollständig verwässerte Aktienanzahl beträgt 78,2 Millionen.
- None.
- Significant net debt of $503 million requiring 12-18 months deleveraging period
- Stock price declined from implied merger price of $12.06 to $11.07
- Operating environment challenges including impact of tariffs
Insights
Aebi Schmidt's merger with Shyft is proceeding well with $25-30M synergy targets on track despite tariff challenges.
Aebi Schmidt Group has completed its merger with The Shyft Group on July 1, 2025, creating a stronger specialty vehicles company now trading under ticker "AEBI". The merger used a 1.04 exchange ratio, implying an Aebi Schmidt value of $12.06 per share, though the stock closed at $11.07 on July 11 after several days of trading.
Looking at the financial structure, the combined entity has $503 million in net debt and a strong equity position exceeding $700 million, representing an approximately 40% equity ratio. Management has outlined a deleveraging strategy over the next 12-18 months, suggesting a focus on debt reduction. With 78.2 million fully diluted shares outstanding and described "strong anchor shareholders," the ownership structure appears stable during this integration period.
The organizational restructuring divides operations into two segments: North America (led by Steffen Schewerda) and Europe/Rest of World (led by Henning Schröder). This dual-continent manufacturing footprint is strategically positioned to mitigate potential trade barrier impacts – a noteworthy advantage given management's explicit mention of tariff challenges in the current operating environment.
Most significantly, CEO Barend Fruithof indicates the company remains on track to achieve targeted synergies of $25-30 million despite what's described as a "dynamic operating environment." This suggests the integration is proceeding according to plan, though the specific timeline for realizing these synergies isn't explicitly stated. The repeated emphasis on execution focus indicates management recognizes the critical post-merger integration phase they're navigating.
- Trading under the ticker symbol "AEBI", following completion of the merger with The Shyft Group, with a strong balance sheet
- Focused on post-merger execution, well on track to deliver the targeted synergies, despite the dynamic operating environment, including the impact of tariffs
- Announced second quarter 2025 earnings call date of August 14, 2025
CH-Frauenfeld,
Trading Highlights
- Aebi Schmidt announced the successful completion of the previously announced merger with The Shyft Group on July 1, 2025.
- The Shyft Group's last trading day was Monday, June 30, 2025, and closed with a share price of
$12.54 - The share exchange ratio under the merger was approximately 1.04, with an implied share price for Aebi Schmidt of
$12.06 - Aebi Schmidt's first day of regular way trading was Wednesday, July 2, 2025, and closed with a share price of
$11.18 - Aebi Schmidt closed trading on Friday, July 11, 2025, at
$11.07
Financial Reporting Highlights
Aebi Schmidt's CEO, Barend Fruithof, commented, "We are excited by the exceptional prospects for the future combined Company by delivering growth by driving commercial excellence. The team is well on track to deliver the targeted synergies of
- The Company will report financial results under two segments with the following leadership:
North America led by Steffen SchewerdaEurope and Rest of World led by Henning Schröder
- The independent, strong production footprints in both
North America andEurope , servicing their respective markets, provide Aebi Schmidt with resiliency against potential trade barriers. - On an unaudited, proforma basis, the Company's net debt as of June 30, 2025, was
$503 million - Fully diluted share count of 78.2 million with strong anchor shareholders.
- The combined company has a strong balance sheet with an equity of well over
$700 million 40% as of the closing of the merger.
Second Quarter 2025 Financial Results Conference Call Date and Time
The Company will host its second quarter 2025 earnings conference call on Thursday, August 14, 2025, at 8:30 A.M. Eastern Time.
- Participants can access the webcast and conference call at https://www.aebi-schmidt.com/investors
- Barend Fruithof, Group Chief Executive Officer, and Marco Portmann, Group Chief Financial Officer, will lead the call.
Further information https://www.aebi-schmidt.com https://www.youtube.com/user/AebiSchmidtGroup https://media.aebi-schmidt.com (pictures, logos)
Investor Contact
investor.relations@aebi-schmidt.com
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About Aebi Schmidt Group
Aebi Schmidt Group is a world-class specialty vehicles leader, positioned to accelerate growth and drive exceptional value. The Group with its headquarters in
Forward-Looking Statement
This release contains information, including our sales and earnings guidance, all other information provided with respect to our outlook for 2025 and future periods, and other statements concerning our business, strategic position, financial projections, financial strength, future plans, objectives, and the performance of our products and operations that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in those sections. Generally, we have identified such forward-looking statements by using words such as "believe," "expect," "intend," "potential," "future," "may," "will," "should," and similar expressions or by using future dates in connection with any discussion of, among other things, the construction or operation of new or existing facilities, operating performance, trends, events or developments that we expect or anticipate will occur in the future, statements relating to volume changes, share of sales and earnings per share changes, anticipated cost savings, potential capital and operational cash improvements, changes in supply and demand conditions and prices for our products, trade duties and other aspects of trade policy, statements regarding our future strategies, products and innovations, and statements expressing general views about future operating results. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking statements are not historical facts, but instead represent only Aebi Schmidt's beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of Aebi Schmidt's control. It is possible that Aebi Schmidt's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Management believes that these forward-looking statements are reasonable as of the time made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from Aebi Schmidt's historical experience and our present expectations or projections. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from Aebi Schmidt's historical experience and our present expectations or projections. More information about factors that potentially could affect our financial results is included in our filings with the SEC, which are available at www.sec.gov or our website. All forward-looking statements in this release are qualified by this paragraph. Investors should not place undue reliance on forward-looking statements as a prediction of actual results. We undertake no obligation to publicly update or revise any forward-looking statements in this release, whether as a result of new information, future events, or otherwise
No offer or solicitation
This communication is for informational purposes only and is not intended to and shall not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any securities, or a solicitation of any vote or approval, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made in
Additional information and where to find it
Aebi Schmidt filed a registration statement on Form S-4 with the SEC in connection with its business combination with The Shyft Group, Inc. ("Shyft"). The Form S-4 contains a combined proxy statement/prospectus of Aebi Schmidt and Shyft. Aebi Schmidt and Shyft prepared and filed the combined proxy statement/prospectus with the SEC. This communication is not a substitute for any registration statement, proxy statement/prospectus or other documents that may be filed with the SEC in connection with the transaction. INVESTORS SHOULD READ THE COMBINED PROXY STATEMENT/PROSPECTUS AND SUCH OTHER DOCUMENTS FILED OR WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THE COMBINED PROXY STATEMENT/PROSPECTUS AND SUCH DOCUMENTS, BEFORE THEY MAKE ANY DECISION WITH RESPECT TO THE PROPOSED TRANSACTION, BECAUSE THEY CONTAIN IMPORTANT INFORMATION. The Form S-4, the combined proxy statement/prospectus and all other documents filed with the SEC in connection with the transaction are available when filed free of charge on the SEC's web site at www.sec.gov.
SOURCE Aebi Schmidt Group
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