The Swiss vehicle manufacturer Aebi Schmidt has announced that it will merge with the U.S. specialty vehicle manufacturer The Shyft Group (NASDAQ: SHYF). The combination will be effected through an all-stock merger, with Shyft's shareholders exchanging their Shyft shares for new Aebi Schmidt shares. Shyft's stock currently trades on the NASDAQ, where the combined company will continue to trade. The transaction is subject to approval by authorities and the shareholders of Aebi Schmidt and Shyft.

Bär & Karrer acts as legal advisor to Aebi Schmidt. The team is led by Urs Kägi and Rolf Watter and includes Linus Zweifel, Shu Zhang, Vera Naegeli and Marie-Cristine Kaptan (all Corporate/M&A and Capital Markets) as well as Mani Reinert and Tim Meyer (both Antitrust).