$1211 (-1,11 %)
$IVG (+2,2 %)

The Belgian public transport company De Lijn has awarded contracts for a total of 290 new electric buses to BYD, Iveco and VDL. The largest contract was awarded to the manufacturer BYD with 140 e-buses. With additional funding from the government, De Lijn plans to order 500 more e-buses this year.

The contract now awarded to the three manufacturers is worth 185 million euros and contributes to De Lijn's goal of achieving an emission-free fleet by 2035. The first electric buses from the order that has now been announced are to be delivered by the end of 2026. According to the daily newspaper "De Tijd", 140 12-metre-long solo buses alone have been ordered from BYD. This is likely to be another order from the framework agreement between De Lijn and BYD for the delivery of up to 500 electric buses agreed at the end of 2023. Iveco and VDL are also to supply 100 and 50 articulated electric buses respectively.

https://www.electrive.net/2025/06/13/de-lijn-bestellt-290-e-busse-bei-byd-iveco-und-vdl/

$IVG (+2,2 %)

The Italian armaments group Leonardo and its German partner Rheinmetall are apparently in danger of losing out in the bidding race for Iveco's armaments division.

The consortium led by the Italians and the German DAX company submitted the lowest bid in the first round of bidding, the Bloomberg news agency reported on Thursday, citing people familiar with the matter. The possible sale price is likely to have swelled to between 1.5 and 2 billion euros due to the high demand for defense investments, the sources added.

Competitors of the Italian-German alliance are therefore the Czechoslovak Group and the French-German tank manufacturer KNDS. Leonardo, Rheinmetall and Czechoslovak Group declined to comment on the information to Bloomberg.

In February, Iveco announced a possible separation from the armaments business. It had already become apparent in March that Leonardo and Rheinmetall were among the interested parties. The two partners each hold 50 percent of the shares in their joint venture based in Rome. The foundation was announced last October. It is to manufacture infantry fighting vehicles and main battle tanks as well as special vehicles for bridge-laying.

/men/tih

ROME/TURIN (dpa-AFX)

Rheinmetall JV must probably increase its offer for Iveco Defense

Armaments boom has driven the price of the deal up to €2 billion

Iveco has asked the three interested parties for new offers

The bidding race for Iveco's armaments division is coming to a head - and the consortium consisting of the Italian group Leonardo and the German armaments specialist Rheinmetall, of all companies, appears to be falling behind. According to information from Bloomberg, which cites people familiar with the matter, the German-Italian alliance is said to have submitted the lowest bid in the first round. The competition: the Czechoslovak Group and the Franco-German joint venture KNDS. A final bid has not yet been accepted.

In view of the high demand for military equipment, the sale price is now estimated at between 1.5 and 2 billion euros. Leonardo, Rheinmetall and the Czechoslovak Group did not comment when asked by Bloomberg.

https://www.wallstreet-online.de/nachricht/19466889-ivecos-ruestungssparte-milliardendeal-gefahr-rheinmetall-leonardo-ueberboten

$IVG (+2,2 %)

Iveco Bus has inaugurated a new prototype and test center at its Vysoké Mýto plant in the Czech Republic. It has been designed to accommodate all drive types, including battery and hydrogen-powered vehicles.

The two-storey facility now offers a doubled working area of 4,100 square meters and can accommodate prototypes up to 18 meters in length, according to the company. The facility includes twelve special workstations with overhead platforms to enable ergonomic work on the vehicle roofs. This is where the battery packs and hydrogen tanks are usually located on buses.

The new test center also has a heating chamber in which the vehicle's air conditioning system can be tested at temperatures of up to 50 degrees. With the test benches installed in Vysoké Mýto, Iveco Bus says it can also carry out interior and exterior noise measurements, vibration tests, driving behavior analyses and energy consumption assessments. The prototype and test center was built within 18 months and offers 50 workstations, 20 of which are for engineers. According to Iveco, the staff have received "comprehensive" training on alternative drives and new energies.

In future, the employees will work closely with the other Iveco Bus research facilities - especially for validation tests that are not carried out in Vysoké Mýto. Heating systems and electronics are tested at the French site in Vénissieux, for example, while the Turin center specializes in durability tests. The combination of the locations should help in the development of new bus models. "The new prototype and test center in Vysoké Mýto is of strategic importance for the development of future vehicle models with state-of-the-art technology, regardless of the drive energy," says David Kříž, Managing Director of Iveco Czech Republic.

The test center is located at a large Iveco Bus site. Vysoké Mýto is where Iveco Bus builds the Crossway and Evadys series models. Most of the vehicles are exported.

https://www.electrive.net/2025/06/10/neues-iveco-testzentrum-in-tschechien-eroeffnet/

$IVG (+2,2 %)

My dears, Nikola lives on at Iveco.

Hylane now has three new Iveco S-eWay Fuel Cell FC tractor units in its fleet. The three 44-tonne trucks from a small series by Iveco join Hylane's existing H2 rental fleet, which now numbers around 100 vehicles.

By Cora Werwitzke

26.05.2025 - 15:30

At the end of February, Italian commercial vehicle manufacturer Iveco handed over two fuel cell trucks to a customer for the first time - namely the BMW Group. Now another customer is following with Hylane GmbH. The young company launched in 2021 to boost hydrogen mobility in freight transport with a "pay-per-use" model. The truck rental company now has around 100 fuel cell vehicles in its fleet - including the trio from Iveco.

About the model itself: On paper, the Iveco S-eWay Fuel Cell has a range of up to 800 kilometers, can be refueled in less than 20 minutes and can hold 70 kilograms of compressed hydrogen at 700 bar pressure. The fuel cell on board has an output of 200 kW. The electric axle of the S-eWay Fuel Cell is powered by both the fuel cell system and two centrally installed battery packs; the system output is 400 kW and the permissible total weight is 44 tons. The model is based on the battery-electric S-eWay, which has been delivered since summer 2024, offers a continuous output of 480 kW and, with nine battery packs of 82 kWh each, has a total energy content of 738 kWh. By comparison, the range of the battery version is up to 500 kilometers.

It is important to note that the roots of the fuel cell truck actually go back to 2019. At the time, the now insolvent e-truck start-up Nikola Motor from the USA had allied itself with Iveco for its European launch. However, in May 2023, Iveco announced that it would buy out all of Nikola's shares in a joint venture that had been founded in Ulm in the meantime. The Nikola Tre BEV, which was still being developed together, became the Iveco Heavy Duty BEV and finally the S-eWay series model.

The FC truck is now being produced in small series by the Italian commercial vehicle manufacturer and the first examples are being demonstrated as part of the European H2Haul project - including the trio that has now been accepted by Hylane. The H2Haul project is co-funded by the Clean Hydrogen Partnership and specifically aims to demonstrate the reliability of hydrogen-powered trucks as a viable and locally emission-free solution for European transportation needs.

Against this background, Hylane's cooperation with Iveco goes beyond the purchase of trucks. Both sides are also cooperating on service: "Hylane customers can have maintenance and repair work carried out at a number of selected and certified workshops in the IVECO service network," according to an accompanying press release.

Christian Sulser, CEO of Iveco Magirus AG, commented on the handover of the trio with the following words: "True to our multi-drive approach to decarbonizing road freight transport, we are focusing on all available technologies and fuels to offer our customers the most suitable drive system for their needs. By handing over three fuel cell-electric IVECO S-eWay tractor units to hylane, we are clearly demonstrating our commitment to driving forward the future of locally emission-free logistics in Europe."

Sara Schiffer, Managing Director of hylane, emphasizes: "With the addition of the IVECO S-eWay Fuel Cell tractor units to our fleet, we are further expanding the diversity of our vehicle range in a targeted manner." The addition of the tractor units is an important step towards meeting the strong customer demand for emission-free vehicle solutions in long-distance transport. "As one of the leading providers of zero-emission trucks in Germany, we are delighted to be able to take delivery of vehicles from series production today. We see this early delivery as an expression of confidence in our work and as an opportunity to actively shape the market ramp-up of zero-emission commercial vehicles."

Sara Schiffer explained to us in an interview some time ago how the "pay-per-use" model is intended to activate the market. We also spoke to the Hylane Managing Director about the status quo, the goals, customer acquisition and Germany's position compared to other countries. Interesting to note: Hylane still had around 40 vehicles in its fleet in May 2024 and now has around 100. A year ago, Schiffer set a target of a four-digit number - but without specifying a concrete time horizon. However, she described this target as "the next step".

Source: Information by e-mail

https://www.electrive.net/2025/05/26/neue-lkw-mit-brennstoffzelle-hylane-flottet-iveco-trio-ein/

$IVG (+2,2 %)

Iveco Group shares rose by over 3% on Friday after reports emerged of increased takeover interest in its military division Iveco Defense Vehicles (IDV).

According to media reports, Czechoslovak Group (CSG), a Czech industrial holding company, has made a preliminary offer for IDV. Sources familiar with the matter believe that this offer could exceed the €1.5 billion valuation underlying a rival bid from a joint venture between Italy's Leonardo and Germany's Rheinmetall (ETR: RHMG ).

Interest in IDV appears to be widespread. Spain's Indra and private equity firms Bain Capital and KPS Capital Partners have also reportedly made contact.

Market sentiment rose amid speculation that Indra might coordinate its efforts with the Leonardo consortium.

The bidding activity is seen as a strong endorsement of IDV's value and growth potential.

https://www.investing.com/news/stock-market-news/iveco-shares-climb-amid-bidding-war-for-defence-unit-4061543

https://bebeez.eu/2025/05/26/italys-private-equity-weekly-roundup-news-from-iveco-defence-vehicles-iveco-exor-leonardo-rheinmetall-indra-bain-capital-kps-czechoslovak-group-lisola-dei-tesori-peninsula/

$IVG (+2,2 %)
$BA. (-2,43 %)

Italy wants to replace the existing 268 BV206s with BvS10 articulated tracked vehicles. BAE Systems and Iveco Defense Vehicles (IDV) have agreed to extend their strategic cooperation for the delivery, as the companies announced on May 22. The collaboration will focus on localizing the design of Italian variants and manufacturing the BvS10, leveraging the strengths of both companies and the Italian workforce. The collaboration offers both important capabilities and national supply security.

"This partnership combines the technical expertise of both companies and ensures that the BvS10 is tailored to the needs of Italian defense," said Tommy Gustafsson-Rask, General Manager of BAE Systems Hägglunds.

Claudio Catalano, CEO of Iveco Defence Vehicles added: "With the agreement signed today, we will leverage the expertise, technological know-how and experience of IDV and BAE Systems to deliver the BvS10 to the Italian Army."

According to BAE Systems, the BvS10 armored vehicle is an articulated vehicle designed to provide comprehensive operational support where other vehicles cannot go. It is characterized by an extremely low ground pressure of 0.14 kg/cm² (less than a walking human). The vehicle's mobility systems ensure optimal maneuverability in different terrains, including snow, ice, rocks, sand or mud, as well as in steep mountainous regions. Thanks to its amphibious characteristics, the vehicle can also be used in flooded areas or coastal waters, transporting personnel and supplies to maintain strategic, tactical and operational mobility.

The modular design of the BvS10 enables configurations for different missions. BAE Systems offers variants for personnel transport, command and control, ambulance, repair and recovery, logistical support, reconnaissance and a weapon carrier with additional mortar capability. It is the perfect combination of mobility, payload and protection.

According to BAE Systems, the vehicle is currently operated by Austria, France, the Netherlands, Sweden, the United Kingdom and Ukraine. The cooperation with IDV will facilitate the adoption of this land platform by the Italian Army and ensure logistical commonality within the countries that have already opted for the BvS10. Sweden, in conjunction with Germany and the UK, has ordered 627 BvS10s in 2022 and 2023 under the name Collaborative All-Terrain Vehicle (CATV) - 367 of them for Germany - to be delivered from 2026 (ES&T reported).

Apart from the aforementioned 268 BV206s to be replaced, there is no information on the scope and date of an order for BvS10s from Italy. Accordingly, no information is yet available on delivery times.

Editorial team / gwh

https://esut.de/2025/05/meldungen/60000/italien-erhaelt-bvs10-von-bae-systems-und-iveco-defence-vehicles/

$IVG (+2,2 %)

Program paves the way for a future pilot test with fully autonomous trucks.

IVECO

has successfully completed testing of its breakthrough technology with Plus, an AI-based autonomous truck driving software company, DSV and dm. A multi-month project to test semi-autonomous trucks, jointly developed by IVECO and Plus, was concluded with a real-world test. The project results demonstrated the key benefits of autonomous truck driving technology - improved safety, efficiency and fuel consumption.

The partners recently completed testing of an IVECO heavy-duty truck with Plus' integrated semi-autonomous driver assistance solution in Krefeld, Germany. It was the first road test of this technology in Germany. After several months of extensive testing and validation of the technology as well as driver training, the semi-autonomous solution was ready for testing on public roads. The goods were delivered under real conditions on the route between two warehouses in Krefeld and Hennef.

This successful demonstration marks another important step on our way to commercializing highly automated driving technologies in the logistics industry. Through this joint pilot project, we were able to validate the capabilities of our advanced driver assistance system in real-world operations and confirm improvements in safety, fuel efficiency and overall driving performance. These results reinforce our belief that automation will not replace the driver, but will enhance their role by reducing fatigue, supporting complex maneuvers and creating a safer, more productive working environment. At the Iveco Group, we believe that the future of logistics lies in intelligent, sustainable and human-centered innovation. Together with our trusted partners DSV, dm and Plus, we continue to develop intelligent transportation solutions that meet the growing demands for efficiency, sustainability and driver wellbeing in Europe and beyond," explains Marco Liccardo, Chief Technology & Digital Officer, and Shawn Kerrigan, COO and co-founder of Plus , said: "We are proud to join our innovative partners DSV, dm and IVECO in celebrating the completion of the pilot project and the safety and efficiency results enabled by our autonomous driving technology. It is even more fitting to do this in Germany, a country that has already recognized the benefits of autonomous vehicles. We look forward to bringing mass-produced self-driving trucks with Plus' groundbreaking technology to market, first in the US and then in Europe. "

The focus is on depot-to-depot operations, as the technology is perfect for recurring processes where sufficient data is available," says Peter Matthiesen, Senior Director, Group Innovation, Mobility & Truck Technology at DSV .

dm-drogerie markt has been working together with DSV on sustainable and innovative supply chains for decades. We were therefore very happy to support this pilot project. "We are also looking forward to working together on future-oriented technologies like this in the future," adds Ursula Paepcke, Head of TKM in the logistics division of the drugstore provider dm-drogerie markt , explaining the reasons for participating in the project.

"The pilot project confirmed the expected results and assumptions, particularly with regard to improved safety and reliability. The autonomous driving system demonstrated consistently safe driving behavior, especially when keeping in lane, changing lanes, adaptive driving and dealing with predictable traffic situations.

" " For dm as a project participant, it is incredibly valuable to understand and see through practical experience how the highly automated trucks jointly developed by IVECO and Plus can improve safety, efficiency and fuel consumption. We look forward to the commercial availability of these highly innovative vehicles. " We want to attract drivers to this challenging position as there is a driver shortage of almost 200,000 people in Europe, which is expected to rise to 700,000 by 2028. Autonomous driving technology will significantly improve the working environment, reduce mental and physical fatigue, increase safety and enable a much more diverse driver pool. " adds Matthiesen .

The semi-autonomous solution was jointly developed by IVECO and Plus, the Silicon Valley-based self-driving software company. Equipped with Plus' AI-based, highly automated driving solution as well as advanced sensors such as lidar, radar and cameras, this IVECO S-Way truck provides the driver with 360-degree all-round visibility around the vehicle as well as new ways to monitor traffic and the road, increasing safety and comfort. Plus autonomous driving technology can safely and automatically perform normal highway driving maneuvers, including lane centering, driver-initiated or system-suggested lane changes, traffic jam assist and bumping, with the driver monitoring the system. It can also reduce fuel consumption by around 10 percent, thereby reducing emissions.

Delivery of the future: focus on autonomous driving

By testing the technology, the project partners are paving the way for the future commissioning of semi-autonomous trucks and the testing of fully autonomous driving solutions for logistics. Factory-built self-driving trucks are expected to be commercially available in the US by 2027 and later in Europe.

Safety drivers will remain in the driver's cab for the foreseeable future until a new ecosystem is developed that regulates charging or refueling, for example. Matthiesen sees great potential in the technology and gives a further outlook: " The new technology will not destroy jobs - on the contrary, it will create new opportunities and jobs. Drivers will be trained to use their specialist knowledge in other areas. This is conceivable, for example, in control towers that closely monitor and support daily operations. New jobs will also be created to carry out pre- and post-arrival checks or perform many other tasks that still require human intervention. "

https://www.iveco.com/global/press/pressreleases/2025/IVECO-completes-Successful-Test-of-Semi-Autonomous-Trucks-with-Partners-Plus-DSV-and-dm-drogerie-markt

$MUX (+1,94 %)
$IVG (+2,2 %)

A final joint works meeting with around 2000 employees. "Ambitious goals" are presented for Magirus, Iveco plans to invest 20 million euros in a hall for the electric truck.

By Michael Kroha

21.05.25, 02:17 a.m.

For 50 years, the long-established Ulm-based company Magirus and the Italian commercial vehicle manufacturer Iveco belonged together. In the summer of 2023, however, the end was announced. Since the turn of the year, the takeover of the manufacturer of fire engines and turntable ladders by the new owner, the listed private equity holding company Mutares headquartered in Munich, has been completed. This Tuesday, the Iveco Magirus workforce held a final joint works meeting in the Danube valley in Ulm. For around three and a half hours, some 2000 employees discussed the future of the Magirus and Iveco sites in Ulm.

Mutares has set "ambitious goals" for its new subsidiary, according to a press release sent out afterwards. According to the press release, annual turnover is to double to over 750 million euros by 2030. In 2023, it was still around 300 million. This is to be made possible by a "comprehensive transformation plan", which essentially comprises ten points.

Magirus Defense: New division for civilian and military special vehicles

These include international expansion through the establishment of national subsidiaries in Switzerland, Spain, Poland and the United Arab Emirates. The company is also aiming to "optimize its corporate structure through the targeted reduction of other operating expenses". In addition, a new division, Magirus Defense, is to be established. This is a reaction to the new threat situation and thus the increased demand in the military sector, which also requires special fire fighting vehicles. A service that Magirus already provides, but now wants to offer even more intensively and competitively. Furthermore, the "Dragon", the special vehicle for airports and large-scale firefighting, is to be further developed.

According to the Group, the order backlog at Magirus is at a "historic high". Incoming orders are currently around 30 percent higher than in 2024, reports Thomas Hilse, still Managing Director of Magirus GmbH, in an interview with our editorial team. Hilse will move to the Supervisory Board on July 1, 2025. He will be replaced by Fatmir Veselaj, previously Chief Restructuring Officer, who will assume operational responsibility for the long-established Ulm-based company.

Magirus plans to increase the production of fire department turntable ladders from 200 to 350 units

An "innovation offensive" has been announced in the area of turntable ladders and fire-fighting vehicles. Instead of the 200 to 220 turntable ladders manufactured in Ulm to date, the aim is to produce 350 per year in future. Plus around 1000 fire engines. Around 300 are currently manufactured in the Danube Valley. How the new specified figures will affect the respective production sites remains to be seen. The takeover of companies in Romania and Croatia, which previously served as an "extended workbench", is intended to make production "more cost-efficient".

However, this should not have any impact on Ulm and the approximately 1000 employees there. "We are focusing on Ulm," says Hilse. Wilfried Schmid, Chairman of the Group Works Council at Iveco Magirus AG, also rates the concept presented as "fundamentally positive" because "a plan for the future" has been presented as to how Magirus could develop. There are no plans for redundancies. The company will have to "reorganize to some extent", "but not in a critical area". A partial retirement program has been set up. However, the jobs will "not be changed" for the time being.

In case of doubt, however, work will probably not run out in the immediate vicinity either. Because there was not only news for Magirus employees. Iveco also announced investments at the meeting, reports Works Council Chairman Schmid. In addition to the existing large production hall, a further new hall costing around 20 million euros is planned for the production of the electric truck. The electric series is set to go into series production from the fourth quarter. The large parking lot is also to be rebuilt from this summer at a cost of around one million euros.

https://www.augsburger-allgemeine.de/neu-ulm/magirus-unter-mutares-auf-expansionskurs-umsatz-bis-2030-verdoppeln-neue-militaer-sparte-109089263

$IVG (+2,2 %)

ANNIVERSARY In 1975, the Industrial Vehicles Corporation - or Iveco for short - was launched. The brand is celebrating this big birthday in mid-June with a four-day celebration and a year-long program of activities for customers.

Henrik Petro - May 9, 2025

The history of Iveco began in 1975 with the merger of five leading European commercial vehicle manufacturers: Fiat Veicoli Industriali based in Turin (which included Officine Meccaniche - OM - based in Brescia and Lancia Veicoli Speciali based in Bolzano), the French Unic based in Puteaux and the German Magirus-Deutz based in Ulm. Together they united over 150 years of engineering expertise and innovation under one name: Iveco, short for Industrial Vehicles Corporation. Iveco is celebrating its milestone birthday in style this year.

From 1980 onwards, the brand becomes known worldwide through a series of sports sponsorships. The company restructures its organization and launches new innovative products such as the TurboStar. In 1982, a joint venture for engine development was founded with Adolph Saurer AG. From 1986, Iveco expands with the acquisition of Ford Truck UK and in 1987 with the acquisition of Astra from Piacenza, followed in 1990 by the acquisition of Pegaso, the historic Spanish brand founded by the Empresa Nacional de Autocamiones (ENASA), and in 1992 Iveco takes over International Trucks Australia Ltd. Iveco secures the title of "International Truck of the Year" for the first time in 1992 with the Eurocargo and a year later with the EuroTech. From 1995, the company expands its business in China with the joint venture Naveco and launches a series of important products on the European market with new engines and commercial vehicles for goods and passenger transportation. In 1999, Iveco founded the Irisbus brand together with Renault Vehicules Industrielles, but became the sole owner in 2003.

Half-time: the brand takes off

The new millennium begins with new products that fundamentally revolutionize the model ranges: the new Daily, the Eurocargo, the Stralis and the Trak-ker. Two new, wholly-owned Iveco brands are created: Irisbus and Iveco Motors. The Daily is named Transporter of the Year 2000, the Stralis Truck of the Year 2003.

Iveco celebrates its 30th anniversary in 2005 with further successes in China, the sponsorship of the All Blacks rugby team, the marketing of Euro 4 and Euro 5 vehicles and the launch of the new Stralis and the redesigned Trakker and Eurocargo, also as 4×4 models. The new Citelis and Magelys from Irisbus, the EcoDaily and the Genlyon round off the first decade of the year 2000.

The new Stralis Hi-Way is named "Truck of the Year 2013", followed by the Eurocargo in 2016, while the new Daily wins the title of "International Van of the Year" for the second time in 2015. It repeated this success just three years later (2018) with the various Blue Power engines. In 2019, the joint venture Nikola Iveco Europe is founded with the Nikola Motor Company, which is completely taken over by Iveco in 2023. On December 31, 2021, the agreement on the spin-off of the Iveco Group from CNH Industrial is signed. The Iveco Group goes public on January 3, 2022.

Through various acquisitions, alliances and partnerships, the company has developed into a major player in global road transportation over these five decades, establishing itself as a manufacturer and supplier in key developed and emerging markets alike. The brand has a global presence with seven production sites and eight research and development centers in Europe, Asia, Africa, Oceania and Latin America, as well as a nationwide dealer network with 3,500 sales and service outlets supporting customers in over 160 countries. Today, together with Astra, FPT Industrial, Heuliez, IDV, Iveco Bus and Iveco Capital, Iveco is part of a group of seven brands offering a comprehensive range of commercial vehicles, powertrains, buses, specialty vehicles and financial services.

Iveco celebrates one year

Honoring the past, celebrating the present and seizing future opportunities - that's what they've set out to do in 2025. "Over the past 50 years, Iveco has succeeded through collaboration and innovation. Our success is a testament to the collective effort of everyone who has been with us along the way - our employees, dealers, customers and partners," comments Luca Sra, President of the Iveco Group Truck Business Unit. "Together, we have built a brand that is ready to face the challenges of the future. We have helped shape the history of commercial mobility and feel empowered by our heritage and the strong foundations we have built."

The 50th anniversary celebrations will culminate in "50×Beyond", a four-day Iveco Group event from June 12-15 at Officine Grandi Riparazioni-OGR Turin. Iveco is celebrating the rich heritage that is deeply rooted in the Italian DNA, while illuminating a bold vision for the future. Turin - a pivotal city in Iveco's history, symbol of its Italian roots and headquarters of the Iveco Group - was chosen as the venue for this milestone event, reflecting the brand's deep connection to its roots. The event will bring together institutions, customers, investors, dealers, partners and all stakeholders who have contributed to building the brand's history and shaping its future. Iveco promises to "celebrate five decades of excellence and innovation". The event will serve as a platform for reflection, collaboration and inspiration, celebrating the company's achievements, recognizing the contributions of its employees and reaffirming pride in its heritage, while providing a glimpse into the next chapter of the journey.

https://www.tir-transnews.ch/branche/aus-fuenf-herstellern-wurde-einer-iveco-feiert-50-geburtstag/

$IVG (+2,2 %)

Bolzano - According to a report in the business newspaper El Economista, the Spanish technology group Indra wants to acquire a significant part of the Italian defense industry. According to the report, Indra has submitted a non-binding takeover bid for Iveco Defense Vehicles (IDV). It is not yet clear what this means for the approximately 800 employees at the plant in Bolzano. IDV is the military division of commercial vehicle manufacturer Iveco, which specializes in armoured vehicles and civil defence equipment.

Takeover worth billions underway

The valuation of the division to be taken over amounts to around one billion euros. The aim of the move is to create a leading European player in the field of land defense, according to informed sources. The deal would be a strategic milestone for Indra: the company wants to establish itself as a central platform in the European armaments landscape in the long term.

The Iveco Defence plant in Bolzano plays a central role within the Group: highly specialized military vehicles have been produced there for decades, including the protected multi-purpose vehicle "LMV". With a possible takeover by Indra, the future of the plant in South Tyrol would also be part of strategic considerations - particularly with regard to supply chains, order placement and technological development.

Bidding process started

Indra is one of the finalists in the current bidding process alongside a consortium consisting of the Italian Leonardo and the German Rheinmetall Group, the US investor Bain Capital and an Australian bidder. However, some prominent names have already dropped out, including the French-German armaments consortium KNDS (Krauss-Maffei Wegmann and Nexter), the British armaments group BAE Systems, the Czech company CSG and the American financial investor KPS Capital.

As recently as October 2024, Indra increased its stake in the Spanish company Tess Defense to over 51 percent. This makes the company the most important supplier of armored vehicles for the Spanish Ministry of Defense, including for the major VCR 8×8 and VAC projects. A takeover of IDV would also make Indra a central figure in future European armaments cooperations.

Process continues

It remains to be seen whether Indra's offer will prevail. Negotiations are ongoing and the outcome is likely to be of considerable importance for Italy as an industrial location and for European defense policy. What this means for the IDV plant in Bolzano remains to be seen. What is certain is that the employees should be prepared for a change in management.

https://www.suedtirolnews.it/wirtschaft/milliardenuebernahme-von-iveco-defence-im-gange