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Leonardo acquires Iveco Defence in $1.9 billion deal
Leonardo has acquired Iveco Defence, an offshoot of Italian land vehicle manufacturer Iveco, in a €1.7 billion (US$1.94 billion) deal to boost its defence and security portfolio. Leonardo’s electronic systems capabilities, which includes turrets and combat sensors, will be integrated with Iveco Defence.
Shares in Iveco dropped as much as 6% on the Milan bourse in early market trade after the Italian truck maker sold its ...
Tata Motors is set to acquire Iveco Group. After the transaction, Iveco will retain its workforce as well as its headquarters ...
Iveco Group NV agreed to sell its defense unit to Leonardo SpA for an enterprise value of €1.7 billion ($1.95 billion), in a ...
Iveco Group’s appeal stems from likely takeover potential amid Exor’s breakup plan, despite risks like Italy’s Golden Power ...
Civil protection unit had complicated Agnelli holding company Exor’s move to diversify its portfolio away from automotive sector ...
Leonardo agreed to buy Iveco Group's defense business, including its IDV and Astra brands, for 1.7 billion euros ($1.96 billion), in a move aimed at creating an Italy-based European land defense ...
Iveco Group NV confirmed it is planning to break up the company, saying it is in advanced discussions to sell its defense ...
Italian truck maker Iveco said on Tuesday it was in "ongoing, advanced" talks with different parties for two separate deals regarding its defence business and the rest of the company.
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