Commercial Vehicle Group Acquisition
Tata Motors to acquire Iveco group, together creating a global player in commercial vehicles.
The combination brings together complementary capabilities, global reach, and a shared strategic vision to drive long-term growth and unlock significant value. Iveco Group Board recommends Tata Motors’ all-cash voluntary tender offer for Iveco Group common shares.
Iveco Group N.V. (“Iveco Group” or “Iveco”) (EXM: IVG), a European leader in commercial vehicles and mobility, and Tata Motors Limited (“Tata Motors”) (NSE: TATAMOTORS), a global automotive leader, announce that they have reached an agreement to create a commercial vehicles group with the reach, product portfolio and industrial capability to be a global champion in this dynamic sector.
Said to be one of the largest transactions in Indian automotive history, the €3.8bn deal includes the FPT Industrial powertrain business.
Related news:
