Record year for the Aebi Schmidt Group â the outlook is positive as well
Frauenfeld (CH), March 17, 2024 â Record year for the Aebi Schmidt Group in 2023 in terms of turnover and profitability. Turnover in 2023 rose organically by 11 per cent to a new record high of EUR 935 million. The EBIT margin increased even stronger to 70 million euros or 7.5 per cent. The new year also got off to a very promising start.
Aebi Schmidt Group acquires Monroe Truck Equipment
CH-Frauenfeld, November 17, 2021 â Aebi Schmidt Group, a global leader of intelligent solutions for the treatment of mission critical infrastructure areas and demanding terrain, today announced an agreement to acquire Monroe Truck Equipment from its current owner Industrial Opportunity Partners. Wisconsin, U.S.-based Monroe is an industry-leading truck and trailer equipment platform with around USD 270 million (approx. EUR 240 million) in annual revenue. The addition of Monroe will significantly strengthen Aebi Schmidtâs market position in the U.S. and globally, boosting the Groupâs prospects for future growth.
The Aebi Schmidt Group strengthens its market position in Northern Europe
Frauenfeld, February 18, 2020 â The Swiss-based Aebi Schmidt Group has acquired the leading Finnish manufacturer of road maintenance vehicles and equipment, Arctic Machine Oy. This acquisition further strengthens Aebi Schmidt Group's market position in Northern and Eastern Europe.
Beijingâs major new airport is putting its trust in cleaning machines from the Swiss Aebi Schmidt Group
Frauenfeld, October 30, 2018 â Aebi Schmidt Holding AG, a Switzerland-based leading provider of products and services for the cleaning and maintenance of traffic areas and green spaces, will supply Beijing Daxing International Airport with a total of 34 cleaning machines by June 2019. The contract highlights the ASH Groupâs ambitious growth plans in the international airport sector.
Aebi Schmidt Germany is among the innovation leaders 2018
Ăberlingen, June 29, 2018 â For the 25th time, the TOP 100 competition selects the most innovative companies in German SMEs. One of these innovation leaders this year is Aebi Schmidt Germany. This is the result of the analysis of the scientific director of TOP 100, Prof. Dr. med. Nikolaus Franke. In the independent selection process, Aebi Schmidt convinced in particular with the organization of its innovative processes.
Barend Fruithof appointed as new CEO of the ASH Group
Zurich, February 28, 2017 â As of 1 March 2017, Barend Fruithof will take over the role of CEO of the ASH Group. He follows Stefan Heiniger who has decided to leave the company after one year and a half. Stefan Heiniger, CEO of ASH Group, has decided to leave the company.
Aebi Schmidt continues to grow in North America
CH-Frauenfeld, July 26, 2023 â The Aebi Schmidt Group acquired on July 24, 2023 the Snow Products Business of Oshkosh Corporation, based in Oshkosh, Wisconsin (USA) and will integrate this business into its subsidiary M-B Companies, Inc. based in Chilton, Wisconsin (USA).
The Aebi Schmidt Group ends the 2020 financial year with good results â despite difficult circumstances
CH-Frauenfeld, March 25, 2021 â The Aebi Schmidt Group reports good annual results for 2020 â especially in terms of profitability. While its turnover of EUR 466 million was 9% below the previous year (EUR 516 million), the operating profit was at almost the same level as the previous year â a satisfactory performance given the economic situation. The Group ended the 2020 financial year with a higher net profit than the previous year. Globally, the Aebi Schmidt Group maintained its market share and in some countries even expanded it.
The Aebi Schmidt Group ends the 2018 financial year successfully â and launches new branding
Frauenfeld, April 4, 2019 â The ASH Group is now called the Aebi Schmidt Group. The company has been operating under the new group name and with unified product logos for its individual brands since March 2019. The new brand identity highlights the ambitious growth plans that the Aebi Schmidt Group is pursuing. In the 2018 financial year, the Group showed substantial growth and increased profitability with sales rising to well over EUR 400 million.
Gerhard Neudorfer becomes CCO Sales Europe and member of the Aebi Schmidt Groupâs Management Board
Frauenfeld, September 27, 2018 â Gerhard Neudorfer has been appointed CCO Sales Europe and a member of Aebi Schmidt Holdingâs Management Board as of October 1, 2018. He will succeed Christian Stryffeler, who has decided to leave the company.
Walter T. Vogel resigns as Chairman
Zurich, October 25, 2017 â Change in the chair of the board of directors of ASH Group: Walter T. Vogel who led ASH Group between 2007 and 2015 as CEO and who was chairman of the board since 2015 resigns from this position as of December 31, 2017. Main shareholder Peter Spuhler will lead the board of directors from January 1, 2018.
Aebi Schmidt Group completes acquisition of industry-leading truck and trailer equipment company Monroe Truck Equipment
Frauenfeld, December 16, 2021 â Aebi Schmidt Group, a global leader of intelligent solutions for the treatment of mission critical infrastructure areas and demanding terrain, has completed its recently announced acquisition of Monroe Truck Equipment from Industrial Opportunity Partners following receipt of regulatory approval.
The Aebi Schmidt Group strengthens its market position in North America
Frauenfeld, September 8, 2020 â The Swiss-based Aebi Schmidt Group has acquired the leading Canadian manufacturer of winter maintenance equipment, Equipements Lourds Papineau Inc. (ELP). This acquisition further strengthens the Aebi Schmidt Groupâs market position/presence in North America.
Aebi Schmidt consolidates its market position in the sweeper business
Frauenfeld, January 17, 2019 â Aebi Schmidt Holding (ASH), a Switzerland-based leading provider of product systems and services for the cleaning and maintenance of traffic areas and green spaces, will take over the City Ranger 3500 and City Ranger 3570 sweepers from Denmarkâs Nilfisk Group, along with all associated rights, as of March 31, 2019. With this acquisition, the ASH Group will expand its product portfolio in line with its strategy and strengthen its German production site in St. Blasien.
Aebi Schmidt has strengthened its position in the North American and global airport sector
Frauenfeld, July 3, 2018 â Aebi Schmidt Holding AG has acquired M-B Companies, a leading US manufacturer of snow removal and cleaning machines in the airport sector. The Aebi Schmidt Group has thereby gained a foothold in the North American airport market and expanded its global position in this sector. More information can be found in the media release of 3 July 2018.
Thomas Schenkirsch to become new CFO of ASH Group
Zurich, April 7, 2017 â Thomas Schenkirsch will become the new CFO of the ASH Group. With effect from 1 April 2017, he will take over as the CFO of the ASH Group from Reto Huser, who is leaving the ASH Group at his own request.