M&A Deal Summary

Aebi Schmidt Group Acquires Shyft Group

On December 16, 2024, Aebi Schmidt Group acquired automotive company Shyft Group

Acquisition Highlights
  • This is Aebi Schmidt Group’s 2nd transaction in the Automotive sector.
  • This is Aebi Schmidt Group’s 3rd transaction in the United States.
  • This is Aebi Schmidt Group’s 1st transaction in Michigan.

M&A Deal Summary
Date 2024-12-16
Target Shyft Group
Sector Automotive
Buyer(s) Aebi Schmidt Group
Deal Type Merger

Target

Shyft Group

Novi, Michigan, United States
Shyft Group is a designer, and manufacturer of specialty chassis, specialty vehicles, truck bodies and aftermarket parts for the recreational vehicle (RV), emergency response (ER), government services, defense, and delivery and service markets. Shyft Group was founded in 1975 and is based in Novi, Michigan.

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Buyer(S) 1

Buyer

Aebi Schmidt Group

Frauenfeld, Switzerland
Category Company
Founded 2007
Sector Business Services
Employees2,000
DESCRIPTION

Aebi Schmidt Group provides product systems and services for the cleaning and maintenance of traffic areas and green spaces. Aebi Schmidt Holding AG was founded in 2007 and is based in Frauenfeld, Switzerland.

DEAL STATS #
Overall 3 of 3
Sector (Automotive) 2 of 2
Type (Merger) 1 of 1
State (Michigan) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-17 Monroe Truck Equipment

Monroe, Wisconsin, United States

Monroe Truck Equipment specializes in the design, manufacture, distribution, and installation/upfitting of specialized truck equipment for the municipal and commercial markets. Monroe Truck Equipment was founded in 1986 and is based in Monroe, Wisconsin.

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