Shyft Group Inc. Announces Special Shareholders Meeting for Proposed Merger with Aebi Schmidt

In a significant development for the industrial machinery sector, Shyft Group Inc., a leading American company based in Novi, Michigan, has announced a special meeting of its shareholders. Scheduled for June 17, 2025, this meeting will focus on a proposed merger with Aebi Schmidt Holdings, AG, a prominent player in the specialty vehicle manufacturing industry.

Shyft Group, listed on the Nasdaq under the ticker symbol SHYF, is renowned for its expertise in the distribution and manufacturing of commercial vehicles, including trucks, trailers, and related products. The company serves a global customer base and has established itself as a leader in the North American specialty vehicle market.

The proposed merger involves an indirect, wholly owned subsidiary of Aebi Schmidt merging with Shyft. This strategic move aims to consolidate Shyft’s position as a leader in the specialty vehicle manufacturing, assembly, and upfit sectors for commercial, retail, and service markets.

As of May 13, 2025, shareholders of record will have the opportunity to consider and vote on the merger agreement. This decision is pivotal for Shyft, which has experienced fluctuations in its stock price, with a 52-week high of $17.56 in July 2024 and a low of $6.82 in April 2025. The company’s market capitalization stands at approximately $305.95 million, with a price-to-earnings ratio of 678.04, reflecting its current financial standing.

The merger announcement has been widely covered, with multiple sources confirming the details of the special meeting. The strategic alignment with Aebi Schmidt is expected to enhance Shyft’s capabilities and market reach, potentially driving future growth and innovation in the specialty vehicle sector.

As the industry watches closely, the outcome of the shareholders’ vote will determine the future trajectory of Shyft Group Inc. and its role in the global machinery and commercial vehicle markets. For more information on Shyft’s offerings and operations, interested parties can visit their website at www.theshyftgroup.com .