{
The Shyft Group, Inc.

Companies

}
001122334455554433221100
001122334455554433221100
Symbol SHYF
Name The Shyft Group, Inc.
Currency USD
Sector Industrials
IndustryGroup Capital Goods
Industry Machinery
Market NASDAQ Global Select
Country United States
State MI
City Novi
Zipcode 48375
Website http://www.theshyftgroup.com
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Fruithof's comeback as CEO in Aebi Schmidt and Shyft merger

Barend Fruithof, once a prominent figure in Swiss banking, has made a notable comeback as CEO and Vice Chairman of Aebi Schmidt following its merger with US competitor The Shyft Group, leading to a listing on Nasdaq. Despite losing majority control, Fruithof's drive and financial expertise position him at the forefront of the new entity, while Peter Spuhler steps down from his chairman role. The merger marks a significant shift for Aebi Schmidt as it aims to become a leader in the municipal vehicle market.
insideparadeplatz.ch
Julius Bär Gruppe AG Raiffeisen-Osteuropa-Rent Credit Suisse Real Estate Fund Siat Stadler Rail AG Nasdaq 100 Dec 24 The Shyft Group, Inc. USA Pierin Vincenz Barend Fruithof Peter Spuhler Show more
Finance & Economy, Market Report
07:45 17.12.2024

Aebi Schmitt merges with Shyft Group to create billion-dollar specialty vehicle leader

Aebi-Schmitt is merging with the Shyft Group, creating a billion-dollar specialty vehicle company with a combined turnover of $1.9 billion. Barend Fruithof will lead the new entity, which will be listed on Nasdaq, while the majority shareholder retains a 35% stake. This merger positions Aebi-Schmitt for significant growth in the U.S. market, with expected EBITDA of $200 million and enhanced product offerings.
Tippinpoint.ch
United States Dollar The Shyft Group, Inc. USA Barend Fruithof Peter Spuhler
Finance & Economy, News Article
15:41 16.12.2024
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