The latest announcement is out from Shyft Group ( (SHYF) ).
On April 4, 2025, The Shyft Group announced that Aebi Schmidt Group filed a registration statement on Form S-4 with the SEC for their proposed merger. The merger, expected to close in mid-2025, aims to create a combined company named Aebi Schmidt Group, which will be listed on Nasdaq under the symbol ‘AEBI’. This move is anticipated to enhance operational capabilities, drive growth, and create long-term shareholder value, with projected combined revenues of $1.9 billion and adjusted EBITDA of $148 million for 2024.
More about Shyft Group
The Shyft Group is a North American leader in specialty vehicle manufacturing, assembly, and upfit for commercial, retail, and service specialty vehicle markets. It operates through two core business units: Shyft Fleet Vehicles and Services and Shyft Specialty Vehicles. Shyft’s brands include Utilimaster, Blue Arc EV Solutions, and others, known for quality and innovation. The company employs around 2,900 people across various locations in the U.S. and Mexico, with reported sales of $786 million in 2024.
YTD Price Performance: -32.79%
Average Trading Volume: 231,583
Technical Sentiment Signal: Strong Buy
Current Market Cap: $274.2M
For an in-depth examination of SHYF stock, go to TipRanks’ Stock Analysis page.