Aebi Schmidt Merges with Shyft Group in All-Stock Deal
Deal News | Dec 17, 2024 | Legal Community Swiss
Swiss vehicle manufacturer Aebi Schmidt and The Shyft Group, a U.S. specialty vehicle manufacturer, have announced a merger that will be executed as an all-stock transaction. The deal will result in Shyft shareholders owning 48% and Aebi Schmidt shareholders possessing 52% of the new combined company. The merger is set to strengthen both companies' market positions and is anticipated to be finalized by mid-2025, subject to regulatory and shareholder approvals. Legal advisory for Aebi Schmidt is provided by Bär & Karrer, with key team members including Urs Kgi and Rolf Watter. Shyft Group is advised by Lenz & Staehelin, led by Matthias Wolf.
Sectors
- Automotive
- Mergers and Acquisitions
Geography
- Switzerland – Aebi Schmidt is a Swiss vehicle manufacturer involved in the merger.
- United States – The Shyft Group is a U.S. specialty vehicle manufacturer involved in the merger.
Industry
- Automotive – Aebi Schmidt and The Shyft Group are both manufacturers in the vehicle industry, engaging in a merger.
- Mergers and Acquisitions – The article discusses a merger transaction between two companies, Aebi Schmidt and The Shyft Group.
Financials
- 48% – Ownership stake that Shyft shareholders will have in the combined company after the merger.
- 52% – Ownership stake that Aebi Schmidt shareholders will have in the combined company after the merger.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aebi Schmidt | Target Company | Company | A Swiss vehicle manufacturer involved in a merger with The Shyft Group. |
| The Shyft Group | Target Company | Company | A U.S. specialty vehicle manufacturer merging with Aebi Schmidt. |
| Bär & Karrer | Legal Advisor | Company | A law firm acting as legal advisor for Aebi Schmidt in the merger. |
| Lenz & Staehelin | Legal Advisor | Company | A law firm advising The Shyft Group in the merger. |
| Urs Kgi | Legal Advisor | Person | Leading the Bär & Karrer team advising Aebi Schmidt. |
| Rolf Watter | Legal Advisor | Person | Leading the Bär & Karrer team advising Aebi Schmidt. |
| Matthias Wolf | Legal Advisor | Person | Leading the Lenz & Staehelin team advising Shyft Group. |