Tata Motors Secures Massive €3.8 Billion Acquisition Deal with Iveco Group
Tata Motors is set to acquire Italian commercial vehicle maker Iveco Group, excluding its defense segment, in a significant €3.8 billion deal. This acquisition aims to establish a global commercial vehicle champion with enhanced industrial capabilities, bolstering Tata Motors' presence and growth prospects in global markets.
- Country:
- India
Tata Motors has announced its acquisition of the Italian commercial vehicle maker Iveco Group for €3.8 billion, excluding its defense business. This transaction marks Tata Motors' largest buyout since acquiring Jaguar Land Rover in 2008.
The acquisition will involve the purchase of 100% of Iveco Group NV's common shares through a cash voluntary tender offer, subject to regulatory approvals. The new conglomerate aims to become a global leader in the dynamic commercial vehicles sector.
The deal is anticipated to conclude by April 2026, reinforcing Tata Motors' commitment to sustainability and market expansion. Leaders from both companies express enthusiasm about the potential synergies and growth opportunities arising from the merger.
(With inputs from agencies.)
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