US EditionLeonardo Acquires Iveco Group's Defence Business for €1.7 Billion
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Leonardo Acquires Iveco Group's Defence Business for €1.7 Billion
Leonardo announced that it will acquire Iveco Group’s entire defense division for €1.7 billion, including the Iveco Defence Vehicles (IDV) unit and its heavy-truck ASTRA brand. Financed with Leonardo’s cash reserves, the deal extends Leonardo’s strategy to become a fully integrated supplier of land systems. Company executives note this move consolidates a slice of Italy’s defense industry at a time when European governments are sharply increasin…
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