Iveco Group has announced that all conditions precedent for the sale of its Defence Business—comprising the IDV and ASTRA brands—to Leonardo S.p.A. have been successfully fulfilled.
The transaction is expected to be completed in the coming days and represents a key step toward the voluntary tender offer by Tata Motors Limited for all issued common shares of Iveco Group, following the separation of its Defence Business. This proposed acquisition was originally announced on July 30, 2025.
Iveco Group is home to a diverse portfolio of brands that support commercial mobility and industrial applications worldwide. Its key brands include IVECO, known for heavy, medium, and light-duty trucks; FPT Industrial, a global leader in advanced powertrain technologies; IVECO BUS and HEULIEZ, which focus on mass-transit and premium bus solutions; IDV, specialising in defence and civil protection equipment; ASTRA, a leader in heavy-duty quarry and construction vehicles; and IVECO CAPITAL, the Group’s financial services arm.
With a global workforce of around 36,000 employees, Iveco Group operates 19 industrial facilities and 30 research and development centres, reinforcing its commitment to innovation and sustainable mobility solutions.
