Shyft Group, Inc.; Aebi Schmidt Holding AG; PCS Holding AG

On 21.01.2025 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

An indirect subsidiary of Aebi Schmidt Holding AG, Switzerland, will merge with and into Shyft Group, Inc., USA with Shyft Group, Inc., USA surviving the merger as an indirect wholly-owned subsidiary of Aebi Schmidt Holding AG. Post-transaction, the current largest shareholder of Aebi Schmidt Holding AG, Peter Spuhler, will hold a direct and indirect (via his wholly-owned subsidiary PCS Holding AG, Switzerland) shareholding of in total approx. 34.6% in Aebi Schmidt Holding AG then consisting of Aebi Schmidt’s and Shyft’s businesses. No other shareholder will hold at least 25% of the shares in Aebi Schmidt Holding AG.
The proposed transaction relates to the manufacturing, assembly, and upfit of fleet and speciality vehicles and related services.”
ÖNACE Code: Manufacture of motor vehicles and parts and accessories.

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 18.02.2025.

Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.

Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.

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