Tata Motors to Acquire Iveco Group in EUR 3.8 Bn Deal

11 Sep 2025 CW Team

Tata Motors, a global automotive leader, has announced an agreement to acquire Iveco Group N.V., a European commercial vehicles and mobility major, in a deal valued at approximately EUR 3.8 billion. The move aims to establish one of the world’s most competitive and diversified commercial vehicle groups with strong global reach, product depth, and industrial capabilities.

The proposed acquisition will be executed through TML CV Holdings PTE LTD or a new Dutch-incorporated subsidiary of Tata Motors, which will launch a recommended voluntary tender offer for all issued Iveco Group shares. The offer price has been set at EUR 14.1 per share in cash, excluding Iveco’s defence business, which will be separated prior to completion.

Completion of the transaction is subject to regulatory approvals and the successful carve-out of Iveco’s defence operations. The separation will ensure that the offer, estimated at EUR 3.8 billion, reflects only the commercial vehicles and mobility businesses of Iveco.

By combining Tata Motors’ strong presence in emerging markets with Iveco’s European leadership, the merged group is expected to enhance competitiveness across core markets such as trucks, buses, and specialised mobility solutions.

News source: Iveco Group

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