US EditionTata Motors and Iveco Join Forces in Major Acquisition
ITALY, JUL 31 – Tata Motors expands global footprint acquiring Iveco's civilian truck business for €3.8 billion while Leonardo secures military division for €1.7 billion, strengthening European defense capabilities.
- On Wednesday night, Tata Motors and Leonardo structured a €0.5 billion deal splitting Iveco into civilian and military units, with Tata acquiring the civilian business for around €1 billion and Leonardo securing the military division.
- Amid decade-long disinvestment, the Italian state defines defence as strategic and keeps it under national control, while civilian automotive assets are sold, according to industry trends.
- The deal will create a combined entity with over 540,000 units annually and 22 billion in revenues, with minimal industrial overlap, as the sources specify.
- Following the announcement, Tata Motors shares fell around 3.5% to €668.40 on Wednesday, and the Iveco board unanimously recommended acceptance.
- As Tata Group’s largest acquisition since Corus in 2007, Tata Motors expects the deal to position it against Volvo, Daimler, and Scania amid global trade and geopolitical uncertainties.
40 Articles
40 Articles
The Elkann-Agnelli family has earned 5.5 billion from the complete sale of the Iveco group. It is all money that ends abroad, because the Exor family financial, which cashes everything, has legal and fiscal headquarters in the Netherlands since 2016. This is the last (for now) deal of the Agnelli family to the detriment of the country. The Iveco industrial group was born in the 70s, when Fiat was still an industrial power, before the property de…
Tata Motors has expressed its intention to preserve the continuity of all the plants of Iveco without closures or reductions of staff for at least two years The Indian group Tata Motors has acquired the business of commercial vehicles of the Iveco Group for a value of approximately 3,800 million euros, a movement that excludes the division of defense, which will be sold separately. The transaction will be carried out by means of a public offer o…
Rome, 31 Jul . Less than four years after its autonomous release on the Stock Exchange, Iveco Group was sold to the Indians of Tata Motors for 3.8 billion euros.The agreement was signed with Exor, the holding company of the Agnelli family, which thus completes the systematic dismantling of another Italian excellence, after having already transferred the control of FCA to the Dutch of Stellantis. Iveco, yet another Italian withdrawal The part rel…
Tata Motors targets €1 billion equity raise to repay Iveco acquisition debt in four years
The company is acquiring the commercial vehicle business of Iveco, excluding its defence business, through a voluntary tender offer at €14.1 per share, backed by bridge financing commitments from Morgan Stanley and MUFG.
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