Iveco Group and Tata Motors have agreed to work together to create a global commercial vehicle group with a €3.8 billion public offering.
Liviu Brăteanu
International
Foto: https://www.facebook.com/IvecoRomania
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The agreement between Iveco Group and Tata Motors aims to form a global commercial vehicle group with a diversified portfolio and extensive industrial capabilities. The voluntary public offer by Tata Motors, recommended by Iveco's board of directors, is valued at €3.8 billion and will be finalized after the separation of Iveco's defense division. The merger will create an entity with annual sales of 540,000 units and combined revenues of around €22 billion, with a significant presence in emerging markets.
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