Aebi Schmidt Group Provides Post-Merger Investor Update
Aebi Schmidt Group (NASDAQ: AEBI), a specialty vehicles leader, 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 and an implied share price of $12.06 for Aebi Schmidt. The company began trading under "AEBI" on July 2, 2025.
The combined entity maintains a strong balance sheet with over $700 million in equity (40% equity ratio) and $503 million in net debt. Management expects to achieve synergies of $25-30 million and targets deleveraging over the next 12-18 months. The company will operate under two segments: North America and Europe/Rest of World, with a fully diluted share count of 78.2 million.
Aebi Schmidt Group (NASDAQ: AEBI), leader nei veicoli specializzati, ha fornito aggiornamenti chiave in seguito alla fusione con The Shyft Group, completata il 1° luglio 2025. La fusione è stata realizzata con un rapporto di scambio azionario di 1,04 e un prezzo implicito per azione di 12,06$ per Aebi Schmidt. L'azienda ha iniziato a negoziare sotto il simbolo "AEBI" il 2 luglio 2025.
La società combinata mantiene un bilancio solido con oltre 700 milioni di dollari di capitale netto (rapporto di capitale del 40%) e 503 milioni di dollari di debito netto. Il management prevede sinergie per 25-30 milioni di dollari e punta a ridurre il leverage nei prossimi 12-18 mesi. L’azienda opererà in due segmenti: Nord America e Europa/Resto del Mondo, con un numero di azioni completamente diluite pari a 78,2 milioni.
Aebi Schmidt Group (NASDAQ: AEBI), líder en vehículos especializados, ha proporcionado actualizaciones clave tras su fusión con The Shyft Group, completada el 1 de julio de 2025. La fusión se llevó a cabo con una relación de intercambio de acciones de 1,04 y un precio implícito por acción de 12,06 dólares para Aebi Schmidt. La compañía comenzó a cotizar bajo el símbolo "AEBI" el 2 de julio de 2025.
La entidad combinada mantiene un balance sólido con más de 700 millones de dólares en capital (40% de ratio de capital) y 503 millones de dólares en deuda neta. La dirección espera lograr sinergias de 25-30 millones de dólares y apunta a reducir el apalancamiento en los próximos 12-18 meses. La compañía operará bajo dos segmentos: Norteamérica y Europa/Resto del Mundo, con un número total de acciones diluidas de 78,2 millones.
Aebi Schmidt Group (NASDAQ: AEBI), 특수 차량 분야의 선도 기업으로서 2025년 7월 1일 완료된 The Shyft Group과의 합병 관련 주요 업데이트를 발표했습니다. 합병은 1.04의 주식 교환 비율과 Aebi Schmidt의 주당 암묵 가격 12.06달러로 이루어졌습니다. 회사는 2025년 7월 2일부터 "AEBI"라는 티커로 거래를 시작했습니다.
합병된 법인은 7억 달러 이상의 자본(자본 비율 40%)과 5억 3천만 달러의 순부채를 보유하며 견고한 재무구조를 유지하고 있습니다. 경영진은 2,500만~3,000만 달러의 시너지 효과를 기대하며 향후 12~18개월 내에 부채 축소를 목표로 하고 있습니다. 회사는 북미와 유럽/기타 지역 두 개의 부문으로 운영되며, 완전 희석 주식 수는 7,820만 주입니다.
Aebi Schmidt Group (NASDAQ : AEBI), leader dans les véhicules spécialisés, a fourni 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 et un prix implicite par action de 12,06 $ pour Aebi Schmidt. La société a commencé à être cotée sous le symbole "AEBI" le 2 juillet 2025.
L’entité combinée conserve un bilan solide avec plus de 700 millions de dollars de capitaux propres (ratio de fonds propres de 40 %) et 503 millions de dollars de dette nette. La direction prévoit des synergies de 25 à 30 millions de dollars et vise une réduction de l’endettement sur les 12 à 18 prochains mois. La société opérera sous deux segments : Amérique du Nord et Europe/Reste du Monde, avec un nombre d’actions pleinement diluées de 78,2 millions.
Aebi Schmidt Group (NASDAQ: AEBI), ein führender Anbieter von Spezialfahrzeugen, hat wichtige Updates nach der am 1. Juli 2025 abgeschlossenen Fusion mit The Shyft Group bekanntgegeben. Die Fusion erfolgte mit einem Aktientauschverhältnis von 1,04 und einem impliziten Aktienkurs von 12,06 USD für Aebi Schmidt. Das Unternehmen begann am 2. Juli 2025 unter dem Kürzel "AEBI" zu handeln.
Das kombinierte Unternehmen verfügt über eine starke Bilanz mit mehr als 700 Millionen USD Eigenkapital (Eigenkapitalquote von 40 %) und 503 Millionen USD Nettoverschuldung. Das Management erwartet Synergien von 25-30 Millionen USD und strebt eine Entschuldung innerhalb der nächsten 12-18 Monate an. Das Unternehmen wird in zwei Segmenten tätig sein: Nordamerika und Europa/Reste der Welt, mit einer vollständig verwässerten Aktienanzahl von 78,2 Millionen.
- Expected synergies of $25-30 million from the merger
- Strong balance sheet with over $700 million in equity (40% equity ratio)
- Independent production footprints in North America and Europe provide resilience against trade barriers
- Management committed to deleveraging over next 12-18 months
- Significant net debt of $503 million post-merger
- Share price declined from $11.18 to $11.07 in first days of trading
- Operating environment challenges including impact of tariffs
Insights
Aebi Schmidt's merger with Shyft Group creates solid foundation despite share price dip and $503M debt load, with promising $25-30M synergies targeted.
The recently completed merger between Aebi Schmidt Group and The Shyft Group reveals several important financial dynamics worth examining. The share exchange ratio of approximately 1.04 translated to an implied share price of
The combined entity's financial position shows a
Management's projection of
- 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.
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SOURCE Aebi Schmidt Group
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