# Shyft Group and Aebi Schmidt announce proposed merger

The Shyft Group and Aebi Schmidt Group announced a proposed merger on December 16, 2024. The combined company is projected to have 2028 pro forma revenue of $2.7 billion and adjusted EBITDA of $315 million.

- Type: Acquisition
- Announced: 2024-12-16
- Where: United States
- Status: announced
- Products: specialty vehicles, snow removal equipment, municipal vehicles
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [The Shyft Group](https://endata.com/companies/81776.md)
- [Aebi Schmidt Group](https://endata.com/companies/51012.md) (target)

## Sources

- [finansavisen.no](https://www.finansavisen.no/pressemeldinger/2025/01/13/c0fd73ec-5476-4c73-a51d-9383f1652f8a/the-shyft-group-provides-supplemental-information-reinforcing-significant-value-creation-potential-of-proposed-merger-with-aebi-schmidt), 2025-01-13: "The Shyft Group today provided supplemental information in a presentation to shareholders regarding its proposed merger with Aebi Schmidt Group, previously announced on December 16, 2024."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.