Shyft and Aebi Schmidt announced they have entered into a definitive agreement to combine in an all-stock merger to create a differentiated leader in the specialty vehicle space. The combined company will benefit from a scaled platform in the attractive North American market, complemented by a strong European presence, and an enhanced financial profile to support profitable growth and deliver additional value to shareholders. The merger combines Aebi Schmidt’s specialty vehicle products and services with Shyft’s manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets to create a full-suite of offerings for both companies’ customers.