COMPETITIVE · MARKET STRUCTURE · UK
Leonardo completes €1.6bn acquisition of Iveco Group Defence Business
Change
Leonardo completed a €1.6bn acquisition and now owns 100% of the spun-off IDV Group, including the IDV and ASTRA brands.
Why it matters
Leonardo paid €1.6bn to acquire Iveco Group’s Defence Business and took full ownership of the spun-off IDV Group. The transaction transfers the IDV and ASTRA brands and seven research and development centres in Italy, Brazil, the UK, and Germany to Leonardo. The acquired portfolio covers light and medium armoured vehicles, heavy armoured platforms, and logistic and tactical vehicles primarily for military use. Leonardo adds both tracked and wheeled platforms to its existing land-defence product range.
Implications
- · Leonardo’s land-defence product portfolio expands to include the acquired tracked and wheeled armoured platforms and logistic/tactical vehicles.
- · Management and operational control of seven R&D centres in Italy, Brazil, the UK, and Germany transfer to Leonardo.
- · Procurement and programme contracting for the acquired product lines will be managed under Leonardo’s corporate structures.
- · Suppliers and manufacturing partners to the former Iveco defence business will interface with Leonardo for future orders and programmes.
Who is affected
- · Land defence procurement officials
- · Leonardo product and programme managers
- · R&D and engineering teams at the acquired centres
- · Manufacturers and suppliers to the acquired defence business
Source
Topics
Business & Markets Mergers & Acquisitions Manufacturing Aerospace & Defense