Aebi Schmidt Completes Merger with Shyft Group
Deal News | Jul 02, 2025 | Legal Community Swiss
Swiss specialty vehicle manufacturer Aebi Schmidt has successfully merged with The Shyft Group. The merger yields a combined entity that boasts approximately USD 2 billion in yearly sales across 70 global locations. The shares of the newly formed Aebi Schmidt Group commenced trading on the NASDAQ Global Select Market on a when-issued basis on 1 July 2025 and on a regular-way basis on 2 July 2025. Bär & Karrer, a prominent Swiss law firm, played a crucial advisory role in this merger. The legal team, led by Urs Kgi and Rolf Watter, consisted of experts in corporate/M&A, antitrust, tax, employment, and notary services.
Sectors
- Automotive Manufacturing
- Legal Services
Geography
- Switzerland – Aebi Schmidt is a Swiss-based company and the legal advisory firm Bär & Karrer is also headquartered in Switzerland.
- United States – The Shyft Group is based in the United States, and the newly formed entity, Aebi Schmidt Group, is listed on the NASDAQ, a US stock market.
Industry
- Automotive Manufacturing – Aebi Schmidt and The Shyft Group are involved in the production and sales of specialty vehicles, which falls under the automotive manufacturing industry.
- Legal Services – Bär & Karrer is a legal advisory firm that provided counsel for the merger, relevant to the legal services sector.
Financials
- USD 2 billion – The combined annual sales of Aebi Schmidt and The Shyft Group post-merger.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aebi Schmidt | Target Company | Company | A Swiss specialty vehicle manufacturer involved in the merger. |
| The Shyft Group | Target Company | Company | An American vehicle manufacturer that merged with Aebi Schmidt. |
| Bär & Karrer | Legal Advisor | Company | A Swiss law firm that advised Aebi Schmidt on the merger. |