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Shyft Group merges with Aebi Schmidt, creating a $1.95 billion specialty vehicles company.
The Shyft Group, a US motor vehicle manufacturer, will merge with Swiss specialty vehicle maker Aebi Schmidt Group in an all-stock deal.
Shyft shareholders will receive 1.04 shares of the new company for each share they own, owning 48% of the new entity.
The merger aims to create a leading specialty vehicles company with expected 2024 revenues of $1.95 billion and an adjusted EBITDA over $200 million.
The deal is set to complete in mid-2025.
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Shyft Group se fusiona con Aebi Schmidt, creando una compañía de vehículos especiales de $1.95 mil millones.