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Tata Motors completes takeover of Iveco Group
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2026-11-02 11:52 UTC → 2026-11-03 17:22 UTC ·
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Tata Motors acquisition completes takeover of Iveco Group
Tata Motors has officially completed the acquisition initial settlement of a controlling 89.42% stake in its takeover of Iveco Group, establishing the Italian world’s fourth largest commercial vehicle manufacturer Iveco Group. The transaction, executed through by volume. Through its subsidiary TML CV Holdings B.V., involves Tata Motors secured an 89.42 percent stake in the acquisition of Italian manufacturer by acquiring 238,157,212 common shares. To finalize the deal, Tata Motors increased its acquisition, the tender offer price was increased from €14.10 to €14.40 per share, bringing the resulting in a total transaction value to of approximately €3.9 billion. This acquisition The transaction marks a transition for Iveco from the Agnelli-Elkann family holding company, Exor, to the Indian automotive firm. The move combined enterprise is intended projected to expand Tata Motors’ global commercial mobility footprint by integrating Iveco’s European operations and technology generate approximately 21 billion euros in revenue, with annual sales of roughly 590,000 units. The new group will employ over 73,000 people and operate across more than 130 countries, utilizing 27 production sites and 25 research and development centers. Iveco Group will maintain its own presence headquarters in India Turin, Italy, preserving its brand identity and emerging markets. A second tender offer period was scheduled for early November 2026 to allow remaining shareholders industrial presence. The integration is intended to participate. leverage complementary portfolios, combining Tata’s strength in emerging markets and smaller vehicles with Iveco’s expertise in light, medium, and heavy commercial vehicles, as well as advanced electric and hydrogen powertrains. N. Chandrasekaran, Chairman of Tata Sons and Tata Motors, will also serve as the chairperson of Iveco Group.
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- 2026-11-03 17:22 UTC Tata Motors completes takeover of Iveco Group
- 2026-11-02 11:52 UTC Tata Motors acquisition of Iveco Group
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