The Shyft Group to Merge with Aebi Schmidt Group to Create A Specialty Vehicles Leader
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The Shyft Group and Aebi Schmidt Group are merging to form a leading specialty vehicles company. The merger is expected to generate significant shareholder value with projected 2024 revenue of $1.95 billion and adjusted EBITDA of $200 million. The combined company will trade on NASDAQ.
December 16, 2024 | 11:15 am
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The Shyft Group is merging with Aebi Schmidt Group to form a leading specialty vehicles company. The merger is expected to drive significant shareholder value with projected 2024 revenue of $1.95 billion and adjusted EBITDA of $200 million.
The merger is expected to create a leading company in the specialty vehicles market, with significant revenue and EBITDA projections. The synergies and growth potential are likely to positively impact SHYF's stock price.
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IMPORTANCE 90
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