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IDV to supply 658 additional trucks to the Italian Army
Globenewswire· 2025-12-01 16:45
IVECO GROUP N.V. IDV TRUCK ITALIAN ARMY Turin, 1st December 2025. IDV, the brand of Iveco Group (EXM: IVG) specialised in defence and civil protection equipment, will supply an additional 658 tactical-logistic trucks to the Italian Army, extending the original contract signed in 2024 for 1,453 vehicles (19th December 2024, IDV signs contract with the Italian Army to supply 1,453 tactical-logistic trucks | Iveco Group). The contract will renew and modernise the Italian Army’s fleet of tactical-logistic ...
FPT seals a trio of important new contracts for the agriculture segment
Globenewswire· 2025-11-11 13:45
Core Insights - FPT, a brand of Iveco Group N.V., has signed long-term contracts with three multinational agricultural equipment manufacturers: SDF, JCB, and Lindner, during Agritechnica 2025 [1] - FPT's engines have been recognized in multiple categories at Agritechnica, with three tractors awarded Tractor of the Year [2] Group 1: Contracts and Partnerships - FPT signed an agreement with SDF for the supply of high-performance N67 engines for the DEUTZ-FAHR 8 series TTV tractor range [3] - JCB selected FPT's N67 engine for its Fastrac 6000 series tractors, emphasizing fuel efficiency and low operating costs [4] - Lindner will utilize FPT's N45 engines for its Lintrac 160 LDrive tractors, marking it as the company's most powerful tractor to date [4] Group 2: Industry Recognition - FPT's CURSOR 9 engine powered the Claas Axion 9.450 Terra Trac, awarded the 2026 HighPower Tractor of the Year [2] - The New Holland T4.120 F Auto Command, equipped with FPT's F36 engine, received the 2026 Specialised Tractor of the Year award [2] - The JCB New Fastrac 6300, powered by FPT's N67 engine, was recognized as the 2026 Sustainable Tractor of the Year [2] Group 3: Company Overview - FPT is the largest independent powertrain manufacturer for agricultural equipment, powering over 110,000 new vehicles annually [5] - In Europe, FPT engines are used in one out of every three tractors and two out of five combines [5] - Iveco Group N.V. employs 36,000 people globally and operates 19 industrial sites and 30 R&D centers [6]
IVECO BUS signs major framework agreements with Île-de-France Mobilités to supply up to 4,000 vehicles
Globenewswire· 2025-10-29 16:45
Core Insights - IVECO BUS has signed three framework agreements with Île-de-France Mobilités to supply up to 4,000 low- and zero-emission buses and coaches from 2026 to 2032, aligning with the company's strategy for zero-emission and electromobility solutions [1][4] Group 1: Agreements and Vehicle Models - The agreements involve three specific bus models: 12-metre GX 337 ELEC electric buses, 12- and 18-metre URBANWAY Compressed Natural Gas buses, and 12-metre interurban CROSSWAY Compressed Natural Gas buses, all compatible with biomethane from waste [2] - The contracts are managed by the Public Transport Procurement Organisation (CATP), indicating a structured approach to public transport procurement [2] Group 2: Environmental and Technological Impact - IVECO BUS will contribute to one of the largest bus and coach renewal plans globally, focusing on alternative propulsion vehicles that offer significant environmental benefits [3] - The new buses will be equipped with Advanced Driver Assistance Systems (ADAS) to enhance safety and comfort for drivers, passengers, and residents [3] Group 3: Strategic Goals and Leadership Statements - The collaboration with Île-de-France Mobilités aims to decarbonize public transport, with a goal of achieving Net Zero Carbon by 2040 through electric and biomethane solutions [4] - The President of Île-de-France Mobilités emphasized the initiative to convert all buses and coaches in the region to clean energy, marking a significant step towards carbon neutrality and improved passenger comfort [5]
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]