Aebi Schmidt completes Shyft acquisition; pro forma combined revenue $1.87B, net loss $10.3M in 2024

Aebi Schmidt Holding AG

Acquisition closed July 1, 2025; Shyft shareholders got 1.0402 Aebi Schmidt shares per share, owning ~48%.
Pro forma 2024 revenue $1.87B, net loss $10.3M (EPS -$0.13); Q1 2025 revenue $452.5M, net loss $2.65M (EPS -$0.03).
Consideration includes $600M new credit facilities ($350M term loan, $250M revolver) used to refinance existing debt.
Goodwill increased by $79.7M, intangible assets by $105.7M in purchase accounting.
Retention awards issued to key executives; two Shyft executives terminated post-close, forfeiting restricted stock.

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