Aebi Schmidt Holding Agrees To Acquire O.J. Watson Equipment, Terms Undisclosed; Acquisition Expected To Be Accretive To EPS In First Year After Closing
Benzinga Newsdesk 23 minutes ago
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Aebi Schmidt Holding AG (NASDAQ:AEBI) ("Aebi Schmidt Group" or the "Group"), a world-class specialty vehicles leader, today announced an agreement to acquire 100% of the shares of O.J. Watson Equipment
Aebi Schmidt Holding AG (NASDAQ:AEBI) ("Aebi Schmidt Group" or the "Group"), a world-class specialty vehicles leader, today announced an agreement to acquire 100% of the shares of O.J. Watson Equipment ("OJ Watson"), a family-owned municipal and commercial upfitter based in Denver, Colorado. The pending acquisition will give Aebi Schmidt Group a direct presence in the Rocky Mountain region for the first time and strengthen its municipal business in North America.
The transaction is expected to close before year-end 2026, subject to customary closing conditions. The acquisition is expected to be accretive to earnings per share in the first year after closing.