Therefore,
This european utility giant goes:
Tata Motors is preparing to buy Iveco Group for 3.8 billion euros, excluding military activities, as part of a strategic operation with a global dimension.
Indian automaker Tata Motors has signed a buyout agreement with Iveco Group. For example, The operation, announced on July 30, is estimated to 3.8 billion euros. However, the acquisition Excluding the military activities of Ivecowho will take another direction.
this european utility giant goes
A strategic, but partial offer
Tata Motors intends to buy Iveco through a public purchase offer at 14.1 euros per share. The Iveco board of directors, controlled by the Agnelli family, has already given its approval to this proposal. But for the transaction to go to an end. It will first be necessary that the defense branch of Iveco is separated from the rest of the activities.
This division, specialized in armored vehicles, will be taken over for 1.7 billion euros by Leonardo, the Italian defense and aeronautical group. Roberto Cingolani. CEO of Leonardo, sees in this takeover an opportunity to strengthen the presence of the group in the European land sector, with the objective of integrating its new generation electronic systems.
The operation, still subject to the approval of the regulatory authorities, should be completed By the first quarter of 2026. Once finalized, the rapprochement would give birth to this european utility giant goes a weight actor on the world scene of industrial vehicles.
A future giant of industrial transport
Tata Motors continues here the reorganization of its activities. especially after having separated its industrial vehicle branch. This acquisition would offer him a solid base on two key continents: Asia. where Tata is a leader, and Europe, fief of Iveco. The merged group would display a turnover of around 22 billion euros. with a balanced geographical distribution: 50 % in Europe, 35 % in India, and 15 % on the American continent. Together, the two brands target the bar of 540,000 vehicles sold per year.
For Olof Persson. CEO of Iveco, this partnership marks a turning point: “Our alliance with Tata Motors opens the way to new industrial and technological opportunities.” The two groups intend to pool their resources, particularly in research and development, and accelerate innovation in low -emission vehicles.
Their geographic. industrial this european utility giant goes complementarity should make it possible to unite the forces of Tata, well established in the emerging markets, and of Iveco, solidly anchored in Europe and Latin America.
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