$IVG (+5,81%)

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

$IVG (+5,81%)

The Dutch Ministry of Defence has ordered 785 logistics trucks from Iveco Defence Vehicles (IDV) as part of the WTB program. The WTB program involves the procurement of swap body systems, tractor units for semi-trailers and wheeled recovery vehicles (Wissellaadsystemen, Trekker-opleggercombinaties and WielBergingsvoertuigen, WTB). State Secretary Gijs Tuinman announced the conclusion of the contract on May 13. Delivery of the vehicles is scheduled for the period 2027 to 2029.

The contract includes the procurement of spare parts, special tools, test equipment and documentation. The equipment to be procured includes mounts and run-flat tires. The latter allow the truck to continue driving in an emergency despite a puncture.

Scope of delivery

IDV announced that the contract includes integrated logistical support for a period of at least 15 years. In addition, a second tranche of a further 785 trucks has been agreed.

As part of the supply contract, IDV will deliver 8×8 and 6×6 military trucks in three versions: 100 tractor units, 97 recovery vehicles and 588 swap body systems with hook lift. Some of the trucks are equipped with a protected cab and self-defense armament for use in high-threat situations. According to IDV, the vehicles are characterized by exceptional mobility, manoeuvrability and reliability. Logistical commonalities across different platforms and with vehicles in many other EU member states facilitate operations.

Manticore

Following the delivery contract for the 12kN Manticore project, in which 1,283 Multirole Tatctical Vehicles (MTV) were ordered six years ago (ESuT reported), IDV was able to book another major order. Around half of the Manticore vehicles have already been delivered. The rest are to follow by 2026.

Claudio Catalano, CEO of IDV, said: "This significant award cements IDV's position as a major player in the design, manufacture and supply of highly mobile protected vehicles for defense applications. With over 90 years of experience, we are determined to continue our efforts to ensure the highest standards of survivability, performance, reliability and safety to meet the diverse requirements of the Dutch armed forces."

Editorial team / gwh

https://esut.de/2025/05/meldungen/59798/niederlande-erhalten-785-logistik-lkw-von-iveco/

Today on the way back from La Spezia (Leonardo $LDO (+2,35%) and Rheinmetall $RHM (+2,55%) greetings) on the Italian highway, I overtook four convoys of brand new military IVECOs. $IVG (+5,81%) overtaken. 2x German army and 2x Lithuanian army.

And since I was a passenger princess at the time, I used the time for an IVECO deep dive.

In short: EV/EBITDA < 4, KGV ≈ 7, FCF-Rendite > 11 % - classic deep value signature. Weak equity base prevents an outright "10 out of 10", but the 30% discount to conservative fair value, combined with positive cash generation and dividend proposal make IVECO quite attractive. Currently practically at a price of 70 cents per euro per euro. And in view of the current security policy situation, that is still conservative.

#iveco
#defense
#deepvalue

Mutares SE & Co. KGaA $MUX (-1,21%) has signed an agreement to transfer Magirus from the Iveco Group. $IVG (+5,81%) signed. The company will strengthen the Automotive & Mobility segment as a new platform investment.

Magirus is one of the best-known and technologically leading suppliers of firefighting technology worldwide.

Founded in 1864 and headquartered in Ulm, Germany, the company generates sales of over EUR 300 million and employs around 1,300 people at four locations in Germany, Italy, Austria and France.

Magirus offers a comprehensive range of products in the field of firefighting and disaster control, such as a complete program of vehicles, ladders, pumps, components and systems, including customer service and aftersales.

The company is represented in more than 70 countries worldwide and mainly supplies municipalities and public administrations, airports and industrial companies.

With its strong brand, world-class innovation and advanced technologies, the company has a unique competitive position as a leader in its field and is setting the stage for future growth in a resilient and expanding market, while optimizing its supply chain and seizing further overseas market opportunities.

Turin, Dec. 21, 2024 - The maxi deal can be said to be concluded. Iveco, the Turin-based leading manufacturer of commercial, industrial vehicles and buses, wins the tender in Germany and signs the five-year agreement with central purchasing company BusGruppe for 580 buses, 250 of which will be fully electric. This is the largest tender for electric buses ever won by the group in the German market.

The German-Italian agreement

Iveco bus, a brand of the Iveco group specializing in city, intercity and tourist buses, has signed a five-year agreement with BusGruppe for the supply of up to 580 buses, 250 of which will be electric, with a total value of up to 235 million euros. The one won with the German consortium (which includes Verkehrsbetriebe Bachstein, CeBus, KVG Stade, Omnibusbetrieb von Ahrenschildt, Pülm Reisen, and Reisebüro Schmidt) the largest tender in the market in Germany for electric buses, scheduled for delivery between 2025 and 2030.

The Turin-based company will deliver 200 Crossway Low Entry Elec and 50 E-Way electric buses, articulated and designed not surprisingly to support the customer's energy transition. However, this agreement is not limited to the electric segment alone. In fact, the agreement also includes 330 additional vehicles, including Urbanway Hybrid articulated city buses and Crossway Low Entry intercity buses, equipped with Fpt Industrial's 9-liter Cursor engines, which are compatible with renewable fuels. All vehicles that Iveco will supply will be customized to the specific needs of Verkehrsbetriebe Bachstein, the German local public transport company. Equipment will include cantilever seats, air conditioning, video surveillance systems, Wi-fi, Usb ports, and fuel-saving technologies.$IVG (+5,81%)

Servus my dears ✌️☺️

Since the @InvestmentPapa for "Companies traded on the stock exchange in everyday professional life" Nominated, thank you for it ☺️👍Will I summarize it for you 😁

Well some already know, but some may still be disappointed😂, this Homer doesn't work as a safety inspector at Mr Burns and also the supervisory board position at $UKW (+0,77%) is only a part-time job 😂.

My main job is working practically since I left school at the $DPW (-0,99%) as a parcel delivery person, meanwhile 17 years 💪😁

Vehicles

Drive either Iveco $IVG (+5,81%) or a Sprinter from $DTG (-0,8%)

Scanner

Since 2 years we have the new ones from $ZBRA (+0,96%) the old ones were from $HON (-0,03%)

Navi

To let you know when your packages are coming, I have a cheap cell phone from $SMSD (-0,4%) where I set my route.

Running shoes

There are extra shoes from $ADS (-0,27%) for the post office you get something cheaper.

Packages

Of course still much of $AMZN (+0,1%) although significantly less than before and now more heavy and large.

Also continues to be much at $EBAY (+1,73%) auctions

Not to forget electronics and smartphones from $Ceconomy

(Media Markt, Saturn) $DTE (+1,12%) , $FNTN (-0,32%) , $VOD (+1,17%)

Also much clothing from

$ZAL (-0,7%) , $ASC, (+2,43%)
$YOU, (-0,66%)
$HNNMY , $ADS (-0,27%) , $PUM (+0,5%)

Fun Fact

Should ever what happen with the female sex e.g. aliens would abduct all at once, then my job would be massively endangered, also the returns business would go down the drain and my employer a good short candidate 😂 .

Since the post has massive problems staff zubekommen (for 15 € the hour, you can now for the job hardly inspire one for it) and also by the high sick leave rate, my employer offers for a few months 50 € fuel voucher of $BP. (+0,59%) extra if you come on your day off.

Me would times "stock exchange-traded enterprises in the vocational everyday life" from our $UKW (+0,77%) CEO @MScottInvesting interested

😁

PS. If you want to know how a low earner like me can invest 2 to 3K per month I will tell you a lifehack at the next earnings from me 😁.

Thanks a lot ✌️☺️

#börsengehandelteralltag