Tata Motors to acquire Iveco Group for €3.8 billion, creating a global commercial vehicle leader focused on sustainability and innovation.
Tata Motors Limited has announced a strategic €3.8 billion all-cash voluntary tender offer to acquire Iveco Group, a leading European commercial vehicle manufacturer. This landmark acquisition aims to create a globally integrated powerhouse in the commercial mobility sector, with robust footprints across Europe, India, and the Americas.
Also Read: Tata Motors Delivers 148 Starbus EVs to BMTC
Strategic Highlights
Iveco Group is valued at €14.1 per share before dividends. This excludes dividends from the defense unit sale. The offer includes a 22-25% premium. This is based on share prices before takeover rumors. The deal needs Iveco’s defense business to separate. This separation should finish by early 2026.
Industrial Synergy & Global Expansion
Tata Motors and Iveco Group have distinct markets. Their products also do not overlap. This makes integration easy. Their combined yearly sales are over 540,000 vehicles. Expected revenue is more than €22 billion. Europe makes up 50% of sales. India is 35%. The Americas account for 15%. The deal also opens up Asia and Africa. This will drive future growth.
Also Read: Tata Ace Pro Mini Truck Launched – Price Starts At Rs 3.99 Lakh
Innovation & Sustainability Commitments
Iveco’s FPT division leads efforts in clean transport. They also focus on new engine tech. More money will go into green travel. This includes electric trucks. These plans match global trends. They align with car tech advances. They also fit climate goals.
Stakeholder Assurance & Governance
Iveco’s Board of Directors unanimously backs the proposal. Major shareholder Exor N.V. has locked in its support. Exor owns twenty-seven point oh six percent of Iveco shares. Job security is guaranteed for employees. The company’s industrial sites will remain. Integration plans are set after the merger. A strong two-year pact protects stakeholder rights.
Also Read: Euler Storm Electric LCV Launched At Rs 8.99 Lakh
Key Leadership Statements
N. Chandrasekaran, Tata Motors Chairman: “This is a logical next step following our commercial vehicle demerger—positioning us as a global mobility leader.”
Suzanne Heywood, Iveco Chair: “A strategic combination with a shared vision for sustainable mobility and stakeholder prosperity.”
Girish Wagh, Executive Director, Tata Motors: “Unlocking new pathways for operational excellence and customer-centric mobility.”
Olof Persson, CEO, Iveco Group: “A transformation into a resilient, innovation-driven global player.”
Also Read: Tata Motors: Presenting The Tata Ace EV 1000 In India
