"The transaction, valued at approximately EUR 3.8 billion, involves a voluntary tender offer by Tata Motors for all common shares of Iveco Group ( parent company of Iveco Bus and Heuliez, as well as of Iveco and FPT Industrial), excluding its defence business that has been sold to Leonardo. The completion of the offer is subject to the separation of that business."
"The merger between Tata Motors and Iveco will create a group with sales exceeding 540,000 units per year, with combined revenues of approximately €22 billion, divided between Europe (approximately 50%), India (approximately 35%) and the Americas (approximately 15%), with attractive positions in emerging markets in Asia and Africa. Q2 results of Iveco Group were released today: consolidated revenues amount to €3,781 million compared to €3,919 million in Q2 2024."
The transaction is valued at approximately EUR 3.8 billion and comprises a voluntary tender offer by Tata Motors for all common shares of Iveco Group, excluding the defence business sold to Leonardo, with completion subject to separation of that business. The combined group will deliver over 540,000 units annually and generate approximately €22 billion in revenues, with regional exposure roughly 50% Europe, 35% India and 15% the Americas and positions in emerging Asia and Africa. Q2 consolidated revenues for Iveco Group were €3,781 million versus €3,919 million in Q2 2024. The offer will be made by TML CV Holdings PTE LTD or a new Dutch limited liability company wholly owned by Tata, with closing expected by Q2 2026.
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