US EditionLeonardo’s Buy of Iveco Defence Vehicles Secures Italian Armor Stable
ITALY, JUL 30 – Leonardo aims to enhance land defence capabilities by integrating electronic systems with Iveco Defence’s armoured vehicles portfolio in a EUR 1.7 billion deal, boosting export opportunities.
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In the first half of the year, for the group led by Roberto Cingolani profits in increase of 44%.Leonardo strengthens its leadership in the Defense sector with the announcement of the acquisition of Iveco defence vehicles, division of the Iveco group, for a value of 1.7 billion euros. The transaction, in...
Leonardo Purchases Italian Ground Vehicle Maker Iveco Defense for Almost $2B
Italian defense giant Leonardo has acquired land vehicle firm Iveco Defense in a €1.7 billion ($1.94 billion) deal, the company announced this week.The deal, which is expected to close by first quarter 2026, consolidates some of Italy’s defense sector at a time when European defense spending is on the rise.Iveco produces a number of different ground vehicles for both ground and amphibious missions. Among them is the Centauro II wheeled tank, a c…
Leonardo’s buy of Iveco Defence Vehicles secures Italian armor stable
ROME — Italian defense giant Leonardo has agreed to buy Italy’s Iveco Defence Vehicles for €1.7 billion ($1.9 billion), ending months of speculation about the future of the up-for-sale military vehicle maker.The deal, which Leonardo will finance with available cash resources, marks another step into land systems for Leonardo after its tie-up last year to build tanks and fighting vehicles with Germany’s Rheinmetall.It also keeps IDV Italian after…
According to the announcement, the acquisition of IDV represents a significant step in Leonardo's plan to strengthen its position as a leading, fully integrated original equipment manufacturer (OEM) in the land domain. This acquisition will further enhance the Group's combat systems solutions offering, encompassing both tracked and wheeled platforms.
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