Iveco Group N.V.
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Iveco Group N.V. to present its 2025 Third Quarter Results on 6th November 2025
Globenewswire· 2025-10-23 09:00
Core Points - Iveco Group N.V. will present its financial results for the Third Quarter of 2025 on 6 November 2025 [1] - A live audio webcast of the conference call will start at 11:00 a.m. CET / 10:00 a.m. GMT on the same day [1] - A replay of the conference call will be available on the company's website for those unable to attend live [2] Company Overview - Iveco Group N.V. is comprised of seven brands, including IVECO, FPT Industrial, IVECO BUS, HEULIEZ, IDV, ASTRA, and IVECO CAPITAL, each specializing in different sectors [3] - The company employs 36,000 people globally and operates 19 industrial sites and 30 R&D centers [3] - The brands focus on various markets such as commercial vehicles, advanced powertrain technologies, mass transit, defense equipment, and financing solutions [3]
Iveco Group inaugurates completely renovated test track in Germany
Globenewswire· 2025-10-08 12:30
Core Insights - IVECO has inaugurated its fully renovated and expanded test track in Ulm, Germany, enhancing its testing capabilities for next-generation commercial vehicles [1][5] - The Ulm test track features advanced facilities for testing mobility solutions, including a 1.6-kilometre oval circuit and dedicated areas for various performance tests [2][4] - Sustainability was a key focus in the renovation, with significant recycling of materials and measures to reduce emissions and manage rainwater [3] Summary by Sections Renovation Details - The Ulm test track spans 150,000 square metres and includes a new driving dynamics area, steep curves, and specialized tracks for braking, noise testing, and incline trials [2] - The Turin test track was also modernized, reopening in July 2024 after eight months of work, featuring a new road surface and upgraded safety systems across 30,000 square metres [4] Investment and Capacity - The renovations in both Ulm and Turin signify continued investments in Iveco Group's industrial footprint, enhancing its capacity to deliver innovative and sustainable transport solutions [5] Company Overview - Iveco Group N.V. employs 36,000 people globally and operates 19 industrial sites and 30 R&D centres, focusing on various sectors including commercial vehicles and advanced powertrain technologies [6]
Offer Document Filed With Consob
Globenewswire· 2025-08-19 16:00
*°*°* COMMUNICATION PUBLISHED BY IVECO GROUP N.V. UPON REQUEST, IN THE NAME AND ON BEHALF OF TML CV HOLDINGS PTE. LTD. VOLUNTARY TENDER OFFER FOR ALL OF THE COMMON SHARES OF IVECO GROUP N.V. NOT FOR RELEASE, DISSEMINATION, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION *°*°* Press release pursuant to Article 102, paragraph 3, of Legislative Decree n ...
Tata Motors to Acquire Iveco Group
GlobeNewswire News Room· 2025-07-30 15:59
Core Viewpoint - Tata Motors and Iveco Group have reached an agreement to create a global leader in the commercial vehicle sector, combining their complementary capabilities and strategic visions to drive long-term growth and value creation [3][6][7]. Offer Details - Tata Motors will make an all-cash voluntary tender offer for all issued common shares of Iveco Group at a price of EUR 14.1 per share, representing a total consideration of approximately EUR 3.8 billion, excluding the defence business [4][5]. - The offer price includes a premium of 22%-25% over the volume-weighted average price for the three months leading up to July 17, 2025, and a 34%-41% premium after accounting for an estimated extraordinary dividend of EUR 5.5-6.0 per share related to the sale of the defence business [5]. Strategic Rationale - The merger will create a combined entity with annual sales of approximately 540,000 units and combined revenues of around EUR 22 billion, with significant market presence in Europe, India, and the Americas [6][8]. - The strategic combination is expected to enhance innovation in sustainable mobility solutions and improve operational efficiencies by leveraging both companies' supplier networks [7][8]. Board and Shareholder Support - The Iveco Board unanimously supports the offer and recommends acceptance by shareholders, with Exor N.V., the largest shareholder, committing to tender its 27.06% stake [10][13]. - The Offeror has secured financing for the entire offer price, ensuring certainty of funds for the transaction [5][10]. Conditions and Timetable - The completion of the offer is contingent upon the separation of Iveco's defence business, which is expected to close by March 31, 2026 [4][28]. - The Offer is subject to obtaining necessary regulatory approvals and is anticipated to close in the second quarter of 2026 [10][29]. Non-Financial Commitments - The Offeror has agreed to a set of non-financial covenants to support the long-term interests of Iveco's stakeholders, including maintaining employment levels and respecting existing employee rights [17][21][23]. - The headquarters of Iveco Group will remain in Turin, Italy, and there will be no material restructurings or plant closures as a direct consequence of the merger [20][23].
Iveco Group announces agreement to sell Defence Business to Leonardo
Globenewswire· 2025-07-30 15:38
Core Viewpoint - Iveco Group has signed a definitive agreement to sell its Defence Business to Leonardo S.p.A. for an enterprise value of €1.7 billion, creating a European champion in the land defence segment [1][2]. Group 1: Transaction Details - The transaction is expected to be completed by 31 March 2026, pending regulatory approvals and carve-out completion [3]. - Upon completion, Iveco Group plans to distribute the net proceeds to shareholders through an extraordinary dividend [3]. Group 2: Strategic Implications - The sale allows both the Defence Business and commercial vehicles business to focus more strategically, enhancing their competitive capabilities [2]. - The partnership will combine mobility solutions and protected platforms from Iveco's Defence Business with Leonardo's advanced systems, delivering comprehensive land defence capabilities [2]. Group 3: Financial Performance - The Defence Business, comprising Iveco Defence Vehicles (IDV) and ASTRA, generated revenues of €1.1 billion in 2024 [5].
Statement on recent news
Globenewswire· 2025-07-29 11:50
Group 1 - The company is engaged in advanced discussions for potential transactions involving its defence business and the overall balance of the company [1][2] - The Board of Directors is carefully reviewing these potential transactions while considering the interests of all stakeholders, including shareholders, employees, and clients [2] - Iveco Group operates under seven major brands, including IVECO, FPT Industrial, IVECO BUS, HEULIEZ, IDV, ASTRA, and IVECO CAPITAL, employing 36,000 people globally with 19 industrial sites and 31 R&D centres [3]
Iveco Group N.V. to present its 2025 Second Quarter Results on 31st July 2025
Globenewswire· 2025-07-28 09:00
Group 1 - Iveco Group N.V. will release its financial results for Q2 2025 on July 30, 2025, with a conference call scheduled for the following morning [1] - A live audio webcast of the conference call will start at 11:00 a.m. CEST / 10:00 a.m. BST on July 31, 2025 [1] - The press release and presentation materials will be available on the corporate website prior to the conference call [2] Group 2 - Iveco Group N.V. encompasses seven brands, including IVECO, FPT Industrial, IVECO BUS, HEULIEZ, IDV, ASTRA, and IVECO CAPITAL, each specializing in different sectors [3] - The company employs 36,000 people globally and operates 19 industrial sites along with 30 R&D centers [3]
IVECO celebrates its 50th anniversary and sets in motion the spirit of the future
Globenewswire· 2025-06-11 09:00
Core Insights - IVECO celebrates its 50th anniversary in 2025, marking its foundation in 1975 and highlighting its commitment to innovation and excellence in the commercial vehicle sector [1][5][8] Group Activities - A series of activities will take place globally to celebrate IVECO's heritage and future vision, including events in Brazil, Argentina, Spain, France, Italy, Czech Republic, and China [1] - The "50xBeyond" event from June 12 to 15 in Turin will feature talks, performances, and displays of historic and modern vehicles, engaging customers, dealers, partners, and employees [2][5] New Vehicle Launches - Three new IVECO vehicles will be unveiled at the event, including the S-eWay Artic, a fully electric heavy-duty truck with a range of up to 600 kilometers, and two new electric light commercial vehicles developed in partnership with Stellantis [3] Community Engagement - The anniversary celebration will include public events, such as a vehicle parade through Turin and a special exhibition at the National Automobile Museum showcasing IVECO's history [4][6] - IVECO collaborates with the Italian Red Cross to provide free cardiology consultations in a mobile clinic during the anniversary weekend [7] Company Background - IVECO was established in 1975 through the merger of five European vehicle manufacturers, combining over 150 years of engineering expertise [8] - The company has evolved into IVECO Group, which includes seven brands and employs 36,000 people across 19 industrial sites and 30 R&D centers [11][12]
DLL and Iveco Group join forces to provide low- to zero-emission vehicles through long-term rental solutions
Globenewswire· 2025-05-13 15:45
Core Insights - DLL and Iveco Group are forming a Joint Venture (JV) to enhance access to low- to zero-emission commercial vehicles in Europe [1][2] - DLL will acquire a 51% stake in GATE, a subsidiary of Iveco Group, while Iveco Group retains 49% [2] - The JV aims to provide financial backing and asset financing expertise to accelerate GATE's growth and development [2][3] Company Overview - DLL is a global asset finance company with a managed portfolio exceeding EUR 47 billion, operating in over 25 countries [5] - DLL focuses on various industries including Agriculture, Construction, Energy Transition, and Transportation, providing financial solutions throughout the asset life cycle [5] - Iveco Group is a leader in the automotive sector, encompassing brands that specialize in commercial vehicles, powertrain technologies, and mass transit solutions [6][7] Strategic Goals - The JV will facilitate sustainable mobility through rental solutions tailored to customer needs, expanding GATE's operations beyond Italy to France and Germany, with plans for further expansion [3] - DLL's CEO emphasized the commitment to energy transition and decarbonization through partnerships and innovative financing solutions [4] - Iveco Group's President highlighted the collaboration as a significant step towards supporting customers in their energy transition efforts [4]
IDV to supply 785 military logistics vehicles to the Dutch Armed Forces
Globenewswire· 2025-05-13 13:00
Turin, 13 May 2025. IDV, the brand of Iveco Group (EXM: IVG) specialised in defence and civil protection equipment, has been awarded a tender from the Dutch Ministry of Defence for the supply and logistic support (including maintenance and assistance) of 785 military logistics vehicles in three versions – semitrailer tractor, recovery, and hook-lift – ensuring logistical commonality across different platforms and among many other EU member states. The trucks will enhance the capabilities of the Dutch Armed ...