Announcement • May 07
Iveco Group N.V., Annual General Meeting, Jun 17, 2026 Iveco Group N.V., Annual General Meeting, Jun 17, 2026. Announcement • Apr 26
Iveco Group N.V. Announces Changes in President, Powertrain Business Unit Iveco Group N.V. announced that Sylvain Blaise, President of the Powertrain Business Unit, will leave the Company on June 29, 2026, to take up a new position as CEO of Manitou Group. Mr. Blaise has been with the Company for 24 years, holding numerous leadership roles, including heading up FPT since the creation of the independent Iveco Group in 2022. He has successfully led the Business Unit through significant industry challenges, delivering consistent results and contributing to the overall strength of the Group. He will continue in his current role until the end of June, ensuring continuity during the transition. The Group also announced that Simone Curti will assume the role of President, Powertrain Business Unit, on June 30, 2026, succeeding Sylvain Blaise. After earning a degree in Mechanical Engineering from the Politecnico di Torino, Mr. Curti began his career with the Company in 2004, holding roles of increasing responsibility and seniority within the Truck and Powertrain Business Units, and currently leading Truck Business Unit commercial operations in EMEA. His extensive experience across the Group and broad industry knowledge range from engineering to quality, industrial platforms, customer management and commercial operations. Announcement • Mar 25
Iveco Group N.V. Announces Estimated Interim Dividend Distribution Iveco Group N.V. announced that its Extraordinary General Meeting held on March 25, 2026 in Amsterdam approved that the net proceeds resulting from the sale of its Defence business to Leonardo S.p.A. (as occurred on 18 March 2026) will be distributed to the shareholders by way of interim dividend distribution. As announced on 18 March 2026, based on the sale price, the expected closing adjustments and the separation costs borne for the carve out of the Defence Business, the net distributable dividend is estimated to end at €5.7 to €5.8 per issued and outstanding common share. The exact amount to be distributed will be determined by the Board of Directors, with the final decision expected to be made on 15 April 2026, with ex-dividend date on 20 April. Announcement • Mar 19
Leonardo S.p.a. (BIT:LDO) completed the acquisition of ASTRA Veicoli Industriali S.p.A and Iveco Defence Vehicles S.p.A. from Iveco Group N.V. (BIT:IVG) for €1.6 billion. Leonardo S.p.a. (BIT:LDO) agreed to acquire ASTRA Veicoli Industriali S.p.A and Iveco Defence Vehicles S.p.A. from Iveco Group N.V. (BIT:IVG) for an enterprise value at €1.7 billion on July 30, 2025. On completion, Iveco Group intends to distribute the net proceeds of the transaction, subject to closing adjustments, to shareholders via an extraordinary dividend. The transaction will be financed through available cash resources.
For the period ending December 31, 2024, ASTRA Veicoli Industriali S.p.A/Iveco Defence Vehicles S.p.A. reported total revenue of €1.13 billion and EBIT of €108 million.
The closing of the transaction is expected in the first quarter of 2026, subject to anti-trust approval, regulatory approvals and carve-out completion. On completion, Iveco Group intends to distribute the net proceeds of the transaction, subject to closing adjustments, to shareholders via an extraordinary dividend. As of March 17, 2026, all conditions for closing sale of its defense business have been met. The transaction, which is expected to be finalized in the coming days, is a condition, inter alia, for the completion of the voluntary tender offer by Tata Motors Limited for all issued common shares of Iveco Group (after the separation of its Defence Business), as announced on July 30, 2025.
Goldman Sachs Bank Europe SE, Italian Branch acted as financial advisor for Iveco Group N.V. Freshfields LLP acted as legal advisor for Iveco Group N.V. Morgan Stanley & Co. International plc acted as financial advisor for Leonardo S.p.a. Bonelli Erede Pappalardo Studio Legale acted as legal advisor for Leonardo S.p.a.
Leonardo S.p.a. (BIT:LDO) completed the acquisition of ASTRA Veicoli Industriali S.p.A and Iveco Defence Vehicles S.p.A. from Iveco Group N.V. (BIT:IVG) for €1.6 billion on March 18, 2026. According to plan, the net proceeds of the sale will be distributed to the Company’s shareholders through an extraordinary interim dividend. Based on the sale price, the expected closing adjustments and the separation costs borne for the carve out of the Defence Business, such extraordinary dividend (initially assumed at €5.5-6.0 per share) is presently estimated to end at €5.7-5.8 per issued and outstanding common share. In due course, the exact amount to be distributed will be determined by the Board of Directors. It is currently anticipated that payment will take place in April, with ex-dividend date on 20th April as per the Italian Stock Exchange calendar. Announcement • Jan 12
PlusAI Launches Southern Europe's First Autonomous Trucking Program with IVECO PlusAI announced an expansion of its long-standing partnership with IVECO, the commercial vehicle brand of Iveco Group N.V. Together, the companies will launch the first deployment of heavy-duty trucks equipped with Level 4 Autonomous Driving Systems (ADS) in Southern Europe, in collaboration with Spanish logistics operatorese and the Government of Aragon. Under this program, PlusAI and IVECO will develop two IVECO S-Way heavy-duty trucks integrated with PlusAI's SuperDrive™? virtual driver, enabling Level 4 autonomous capabilities. The autonomous trucks will undergo multi-year testing starting in 2026. For the entire trial period, these trucks will operate with a safety operator on board on freight routes between Madrid and Zaragoza, a corridor spanning approximately 300 km (184 miles). This initiative builds on years of joint research and testing between PlusAI and Iveco Group, including advanced Level 2+ and Level 4 programs. It also marks a significant milestone as PlusAI moves into its next phase of growth as a publicly traded company through its previously announced business combination with Churchill Capital Corp. IX. Upon closing, the combined company will operate as "PlusAI" and is expected to be listed on Nasdaq under the tick symbol "PLS." The business combination remains subject to approval by Churchill IX shareholders, the Registration Statement being declared effective by the SEC, and other customary closing conditions. The business combination is expected to close in first quarter of 2026. Announcement • Aug 02
Iveco Group to Subsequently Be Delisted from Euronext, Milan Tata Motors will buy Iveco Group N.V. from its principal shareholder, the Agnelli family, for $4.4 billion to provide its commercial vehicle (CV) arm with much-needed technological heft and gain greater access to a global market with a wider range of vehicles. The deal was approved by the boards of the two companies on July 30, 2025. People in the know said the board of Tata Sons, the group holding company, was briefed on the matter. Iveco is demerging its business and the defence unit will be sold separately to Italian state-backed Leonardo. Tata Motors will be buying 27.06% from Exor, the investment company of the Agnelli family, and will launch a tender offer - similar to India's open offer mechanism - to buy out the other smaller shareholder groups. Exor also controls 43.1% of the voting rights of the truck maker. The public offer is for all issued common shares of Iveco Group after the separation of that business, at a price of EUR 14.1 per share, including dividends but excluding those distributed in relation to the sale of the defence business. Iveco will subsequently be delisted from Euronext, Milan. Announcement • Jul 30
Tata Motors Reportedly Set to Acquire Italian Truck Maker Iveco for $4.5 Billion Tata Motors Limited (BSE:500570) is all set to buy Italian truck maker Iveco Group N.V. (BIT:IVG) from its principal shareholder, the Agnelli family, for $4.5 billion making it the Tata Group's second-largest acquisition after Corus and the largest ever for the automobile major, people aware of the discussions told ET. In 2008, Tata Motors bought Jaguar Land Rover (JLR) for $2.3 billion. A formal announcement on the takeover is expected as early as July 30, 2025, said the people cited above. The boards of Tata Motors and Turin-based Iveco are meeting on July 30, 2025 to approve the transaction, said the people cited above on the condition of anonymity, as the talks are still in private domain. Iveco said on July 29, 2025, it was in "ongoing, advanced" talks with different parties for two separate transactions regarding its defence business and the rest of the company. “The board of directors of the company is in the process of carefully reviewing and evaluating all aspects of these potential transactions,” the company said in a statement, without giving further details. People aware of the proposed M&A deal structure told ET that Tata Motors would buy 27.1% from Exor N.V. (ENXTAM:EXO), the investment company of the Agnelli family, and launch a tender offer (similar to India’s open offer mechanism) to buy out the other smaller shareholder groups. Exor also controls 43.1% of the voting rights of the truck maker. Iveco is demerging its defence business, which will not be a part of the Tata Motors transaction. The Tata Group is confident of buying 100% of the listed Iveco without the defence business. The Italian company had said in May that it would press ahead with plans to either spin off its defence business by the end of 2025 or sell it, having already received offers from potential buyers. Shares of Iveco surged as much as 7.4% intraday on July 29, 2025 on expectations of a transaction. The stock has more than doubled this year, valuing the company at $6.15 billion. Exor and the board of Iveco are believed to be in favour of the sale to Tata as the Agnellis have been an old ally of the group and its former chairman Ratan Tata, a motorhead himself. Tata also had an old joint venture with Agnelli family flagship Fiat Motors in India. The Agnellis are also prominent stakeholders in Ferrari and also control Stellantis, the Dutch automotive group that has subsumed the Fiat brand. Morgan Stanley is advising Tata Motors, while Goldman Sachs is working with Agnellis and Iveco. Clifford Chance is the legal advisor. “Discussions have been ongoing for the last one and a half months and have intensified in recent weeks,” said one of the sources cited above. “Both sides entered into an exclusivity agreement for bilateral negotiations. The exclusivity is due to lapse on August 1.” Tata Motors plans to route this transaction through a Dutch entity, which will be fully owned by Tata Motors. Reuters was the first to report about Tata-Iveco talks for a possible deal on July 18. Announcement • Jul 18
Iveco Reportedly to Draw Takeover Interest from Tata Motors Italian truckmaker Iveco Group N.V. (BIT:IVG) has attracted takeover interest from India’s Tata Motors Limited (BSE:500570), people familiar with the matter said. Tata, the owner of Jaguar Land Rover, has approached the billionaire Agnelli family over its controlling stake in Iveco, according to the people. A sale of Iveco would not include the company’s defense business, which is going through a sale process of its own, one of the people said. Announcement • Apr 28
Iveco Group's Defense Unit Reportedly Attracts US Buyout Firms Bain Capital , KPS Capital Bain Capital, LP and KPS Capital (KPS Capital Partners, LP) are interested in Iveco Group N.V. (BIT:IVG)’s defense unit, according to people familiar with the matter, as the Italian truckmaker looks to seize on the rising demand for military assets. The two US buyout firms have been considering bids for the business that makes armored and tactical vehicles, said the people, who asked not to be identified as the information is private. Deliberations are ongoing and they could decide against pursuing any deal, the people said. Shares in Iveco extended their gains and rose as much as 4.8% on April 25, 2025 following the Bloomberg News report. The private equity firms have previously invested in aerospace and defense. The company announced in February that it was considering separating its defense unit through a spinoff. Iveco is seeking as much as €1.5 billion for the business, which includes the IDV brand, Bloomberg News reported in March. Any potential suitors could face an uphill battle to acquire the business. Rome-based defense company Leonardo S.p.a. (BIT:LDO) is considered the likeliest buyer, because the Italian government could prefer to keep the operations in local hands and the two companies already have supply agreements, according to people familiar with the matter. Leonardo — whose biggest shareholder is the Italian government - has been holding on-and-off talks with Iveco to buy the unit since last year, but so far the parties have been unable to agree on a price, people familiar with the matter said last month. Leonardo could make a bid with its joint venture partner Rheinmetall AG (XTRA:RHM), the people said at the time. KNDS NV (KMW+Nexter Defense Systems N.V.) and Czechoslovak Group (CZECHOSLOVAK GROUP a.s.) are also among companies with possible interest in the Iveco business, the people said. Indra Sistemas, S.A. (BME:IDR), the state-backed Spanish defense and technology company that has said it’s looking to expand its military-related business, considered a potential bid but decided against it for now, the people said. Iveco could opt to list the business if it doesn’t get high enough bids, the people said. Representatives for Bain, KPS, Czechoslovak Group and Indra declined to comment. A representative for Iveco also declined to comment, adding that the board will provide an update in due course following all necessary internal and regulatory approvals. A spokesperson for KNDS didn’t immediately respond to queries. Announcement • Apr 16
Iveco Group N.V. Approves Cash Dividend, Payable on 24 April 2025 Iveco Group N.V. at the Annual General Meeting held on April 16, 2025 approved the proposal to distribute a cash dividend of EUR 0.33 per outstanding Common Share after due discussion of the Company’s Policy on additions to reserves and on dividends. IVG Common Shares will be quoted ex-dividend on 22 April 2025. The record date for the dividend will be 23 April 2025 and the dividend will be paid on 24 April 2025. Announcement • Feb 09
Iveco Group N.V. Recommends Annual Cash Dividend for the Fiscal Year 2024, Payable on April 23, 2025 The Board of Directors of Iveco Group N.V. intends to recommend to the Company's shareholders an annual cash dividend of €0.33 per common share, totaling approximately €90 million. The proposed dividend remains subject to formal Board approval and the approval of the Annual General Meeting which will take place on 16th April 2025. If shareholders approve the annual dividend at the Annual General Meeting, it is anticipated that the record date for the dividend will be 23rd April 2025, with an ex-dividend date of 22nd April 2025 and payment on 24th April 2025. Announcement • Feb 08
Iveco Group N.V., Annual General Meeting, Apr 16, 2025 Iveco Group N.V., Annual General Meeting, Apr 16, 2025. Announcement • Jan 22
Iveco Group N.V. Announces Senior Leadership Team Changes Iveco Group N.V. announced changes to its Senior Leadership Team (SLT). Effective immediately, Domenico Nucera will assume the newly created role of Chief Quality & Operations Officer and Claudio Passerini will take over as President, Bus Business Unit. Both will report directly to Olof Persson, CEO of Iveco Group. Iveco Group’s new Quality & Operations function will regroup and centralise all Quality departments and incorporate Manufacturing and Supply Chain. Integrated Quality & Operations will connect every operational aspect of the business – from sourcing to production and delivery – enabling the Group to work even more cohesively and efficiently. The new function will be under the leadership of Domenico Nucera, who has led the Bus Business Unit of Iveco Group since its inception. Nucera brings to the role his expertise built up throughout his career, which he began in 2003 in the Powertrain business. Over the years, Nucera has assumed positions of increasing responsibility in process engineering, quality, manufacturing engineering and international operations.Claudio Passerini has a long history in the automotive industry at multi-national companies in Italy, Brazil, Russia and Germany, developing expertise in B2B sales, private equity funds, commercial turnaround, and transformation projects. In February 2022 Passerini joined Iveco Group, first as Head of Transformation then as Head of Powertrain Sales & Marketing. Passerini will now drive the Group’s Bus Business Unit in continuing to deliver sustainable people transport.Angela Qu, previously Chief Supply Chain Officer, has elected to leave the organisation to pursue other interests, while Ángel Rodríguez Lagunilla, previously Chief Manufacturing Officer, will become Head of Manufacturing Operations, reporting to Domenico Nucera and maintaining a pivotal role in the development of the Group's production value chain. Announcement • Nov 06
Hedin Mobility Group AB completed the acquisition of Nordic retail commercial operations of Iveco Group from Iveco Group N.V. (BIT:IVG). Hedin Mobility Group AB entered into a letter of intent to acquire Nordic retail commercial operations of Iveco Group from Iveco Group N.V. (BIT:IVG) on March 30, 2023. The transaction is subject to regulatory approval. The transaction is expected to close in end of 2023. As of November 28, 2023 Hedin Mobility Group AB entered into a Share Purchase Agreement to acquire Nordic retail commercial operations of Iveco Group from Iveco Group N.V. The transaction includes IVECO's distribution and retail operations in Sweden, Denmark, Norway and Finland. The deal also includes the acquisition of the retail business at the IVECO-owned dealerships in Sweden (Gothenburg, Helsingborg and Malmö), Norway (Bærum), Finland (Espoo), and Denmark (Odense). Iveco N.V. will retain the businesses relating to heavy buses and mini-buses. The transaction is expected to be completed during the first half of 2024. As of June 21, 2024, European Commission has decided not to oppose the transaction.
Jaakko Huhtala, Lotta Pohjanpalo and Jouni Kautto of Waselius & Wist acted as legal advisor to Hedin Mobility Group AB (publ). Carl Friberg and Jesper Almqvist of Morris Law acted as legal advisor to Iveco Group.
Hedin Mobility Group AB completed the acquisition of Nordic retail commercial operations of Iveco Group from Iveco Group N.V. (BIT:IVG) on November 4, 2024. Announcement • Jul 05
Iveco Group N.V. (BIT:IVG) commences an Equity Buyback Plan for 10,000,000 shares, representing 2.89% for €130 million, under the authorization approved on April 17, 2024. Iveco Group N.V. (BIT:IVG) commences share repurchases on June 24, 2024, under the program mandated by the shareholders in the Annual General Meeting held on April 17, 2024. As per the mandate, the company is authorized to repurchase up to 10,000,000 shares, representing 2.89% of the its overall issued share capital, for €130 million. The shares will be repurchased at a minimum price per share (excluding expenses) which is not less than its nominal value and the maximum price per share will be no more than 10% above the opening price as shown in the Official Price List of Euronext Milan on the day of acquisition. The purpose of the program is to help company cover company's obligations related to share-based remuneration, under existing and/or future equity incentive plans. The program will be valid for a period of 18 months from the date of AGM, i.e. up to and including October 16, 2025. As of April 17, 2024, the company had issued share capital of 271,215,400 common shares and 74,243,570 special voting shares including 1,176,816 common shares and 70,609 special voting shares held in treasury by the company.
On June 21, 2024 the company announces a share repurchase program. Under the initial tranche of the program, the company will repurchase up to €60 million worth of its shares. The repurchased shares will be used to meet the company’s obligations under its equity incentive plans. The program will end on December 18, 2024. Announcement • May 22
Iveco Group N.V. Announces Change of Chief Human Resources Office Iveco Group N.V. announced that Veronica Quercia will assume the role of Chief Human Resources Officer (CHRO) as of 1st July 2024, succeeding Francesco Tutino who will leave the Company the 31st of May, as previously announced. Ms Quercia will be a member of the Senior Leadership Team (SLT) and will report directly to the CEO of Iveco Group. Ms Quercia rejoins the Group bringing with her extensive expertise in the human capital field acquired over the 20 years she spent in IVECO and CNH Industrial and, more recently, as Chief People Officer at a global technology leader in the electronic market. During her career she has covered a wide range of roles in Human Resources, serving as a Business Partner for various industrial and commercial businesses and Head of HR Centres of Expertise for talent development and organisation development, until assuming the position of HR leader at a multinational company. Announcement • Mar 14
Mutares SE & Co. KGaA (XTRA:MUX) signed f a definitive agreement to acquire Magirus GmbH from Iveco Group N.V. (BIT:IVG). Mutares SE & Co. KGaA (XTRA:MUX) signed f a definitive agreement to acquire Magirus GmbH from Iveco Group N.V. (BIT:IVG) on March 13, 2024. The transaction is Subject to regulatory approval, the transaction is expected to be completed no later than January 2025. Announcement • Feb 10
Iveco Group N.V., Annual General Meeting, Apr 17, 2024 Iveco Group N.V., Annual General Meeting, Apr 17, 2024. Agenda: To consider the annual dividend; and to consider the authorization to repurchase up to 10 million common shares for a total amount of up to 130 million, subject to market and business conditions, inter alia to serve the Company's equity incentive plans. Announcement • Feb 09
Iveco Group N.V. Recommends Annual Cash Dividend for the Year 2023 Iveco Group N.V. announced that it has recommended annual cash dividend of €0.22 per common share for the year 2023. Announcement • Nov 17
IVECO, Plus, dm-drogerie markt and DSV Launches Automated Trucking Pilot in Germany IVECO and Plus announced with dm-drogerie markt and DSV, the launch of an automated trucking pilot in Germany which will start in the first half of 2024. An IVECO heavy duty truck integrated with Plus's AI-based, driver-supervised highly automated driving software will operate on a DSV route to transport dm- drogerie markt products in Germany's Baden-Wurttemberg-Hessen region. Piloting with a logistics carrier on a bustling commercial freight route is a key enabler for the large-scale deployment of automated trucks in the coming years. The program serves to demonstrate that automated driving technology can already be used to enhance freight transportation and make trucking safer, less stressful, more efficient, and more sustainable. Customer deployments have already shown that Plus's driver-in solution, PlusDrive, can help reduce total cost of ownership (TCO) for fleets and improve driver job satisfaction. Announcement • Oct 07
Iveco Group N.V. and Hyundai Motor Company Unveil A New Hydrogen City Bus at Busworld Trade Show in Brussels Iveco Group N.V. and Hyundai Motor Company unveiled the first IVECO BUS E-WAY H2 at Busworld 2023 in Brussels. This new hydrogen-powered fuel cell electric bus is another concrete result of the mutually beneficial partnership the two companies announced in March 2022 and reflects their commitment to accelerate the transition towards net zero carbon mobility and transport. The new model will expand the IVECO BUS zero-emission solutions for cities, a range that already includes last generation Battery Electric Vehicles (BEVs). The E-WAY H2 is a 12-meter-long low-floor city bus equipped with a 310-kW e-motor and an advanced fuel cell system provided by HTWO, a fuel cell system-based hydrogen business brand of Hyundai Motor Group. With four tiers offering a combined storage of 7.8 kg of hydrogen and one 69 kWh battery pack by FPT Industrial, Iveco Group's brand specialised in powertrain technologies, the vehicle offers a driving range of 450 km under normal operating conditions. The E-WAY H2 allows for both hydrogen refueling and plug-in battery charging. Developed by IVECO BUS, this hybrid mid-power concept not only optimises the way the vehicle is charged, but also helps the on-board battery pack and fuel cell system to achieve their highest efficiency and durability. Announcement • Sep 14
Iveco Group N.V. Announces Anna Tanganelli as Its New Chief Financial Officer Iveco Group N.V. announced that Anna Tanganelli will assume the role of Chief Financial Officer (CFO) as of 1stDecember 2023, succeeding Francesco Tanzi who served as CFO during Iveco Group’s successful spin-off and first year and a half as an independent Company. Ms Tanganelli will be a member of the Senior Leadership Team (SLT) and will report directly to Iveco Group CEO, Gerrit Marx. Anna Tanganelli comes to Iveco Group with extensive experience in corporate finance, including many years in the automotive sector, and a solid international background. She started her career at UBS, in the Investment Banking Division, and then moved to Fiat Chrysler Automobiles (FCA) where she covered different roles, primarily in Business Development and M&A. She garnered vast knowledge working for the EMEA Team, Fiat Powertrain, the NAFTA Team and finally Magneti Marelli, the then component division of FCA. In 2019, she was named CFO and Head of M&A of the Magneti Marelli Segment and CFO for the EMEA region within the broader Marelli Group. In 2021, she assumed the role of CFO and Head of M&A at the Iren Group, a multi-utility company listed on the Italian stock exchange. Announcement • Aug 04
Iveco in Talks to Sell Stake in Magirus Iveco Group (BIT:IVG) is in discussions with several parties to sell a part of its German firefighting vehicles subsidiary Magirus GmbH, CEO Gerrit Marx said during Iveco’s second quarter earnings call. Iveco is working to find an equity partner to share the ownership of the business. The goal is to provide Magirus with resources to compete more efficiently and effectively. The possible deal will also allow Iveco to focus on its core businesses. The Italian company aims the potential transaction to close by the end of 2023 or the middle of 2024, the CEO said. Announcement • Jun 28
Iveco Group N.V. Announces Transition of Francesco Tanzi Iveco Group N.V. announced that Francesco Tanzi, having contributed importantly to the Company's successful spin-off and first year of independence in his role as Chief Financial Officer, will be taking up a new position in another industry sector by the end of the third quarter of this year. The search process to identify Mr. Tanzi's successor is already under way, with a view to making an appointment by the end of this transitional period. Announcement • Feb 02
Iveco and Plus Start Public Road Testing of Their Highly Automated Truck in Germany IVECO announced that this month the companies are starting public road testing of their jointly developed next generation highly automated trucks in Germany. As a part of the public road testing, the companies will collect road data to validate their autonomous truck’s operations and start designing the potential factory production. The PlusDrive-enabled IVECO S-WAY truck is designed to improve safety, efficiency, driver experience, and to provide a more sustainable option for fleets. The public road testing starts in Germany, and will expand to Austria, Italy, and Switzerland in the coming months. Each country’s unique roadways and driving conditions will expose the highly automated truck to a broad range of terrains, road gradients, weather conditions and driving scenarios. This will help to continuously expand the capabilities and features of Plus’s autonomous driving technology. Announcement • Jan 26
Iveco Group N.V. to Report Q4, 2022 Results on Feb 10, 2023 Iveco Group N.V. announced that they will report Q4, 2022 results on Feb 10, 2023