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FRAUENFELD, Switzerland - Aebi Schmidt Group (NASDAQ:AEBI) has begun trading on the Nasdaq following the completion of its merger with The Shyft Group on July 1, 2025, the company announced Monday.
The specialty vehicles manufacturer closed at $11.07 on Friday, July 11, after its first several days of trading under the ticker symbol "AEBI." The Shyft Group’s final trading day was June 30, with a closing 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.
The combined company will report financial results under two segments: North America, led by Steffen Schewerda, and Europe and Rest of World, led by Henning Schröder. According to the company, this structure provides resilience against potential trade barriers through independent production footprints in both regions.
On an unaudited proforma basis, Aebi Schmidt reported net debt of $503 million as of June 30. The company stated it has a strong balance sheet with equity exceeding $700 million, representing an equity ratio of approximately 40% following the merger closing.
"We are excited by the exceptional prospects for the future combined Company by delivering growth by driving commercial excellence," said CEO Barend Fruithof in the press release statement. "The team is well on track to deliver the targeted synergies of $25 to $30 million and strong operating results despite the dynamic operating environment, including the impact of tariffs."
The company has scheduled its second quarter 2025 earnings conference call for Thursday, August 14.
Following the merger, Aebi Schmidt has a fully diluted share count of 78.2 million shares. The Switzerland-headquartered company reported proforma net sales of $1.9 billion in 2024 and employs over 6,000 people across its operations in Europe and North America.
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