Tata Motors Completes 89.42% Acquisition of Iveco Group for Cash Consideration
Tata Motors acquired 89.42% of Iveco Group for cash consideration of €14.4 per share, completing settlement on October 30, 2026. Iveco Group's CY25 revenue was ₹1,42,471 Crore (€13,428 Million). The acquisition is expected to enhance global presence. Iveco's Q3 2026 results will be released on November 3, 2026.
The acquisition of a major international player like Iveco Group is a significant strategic move that will substantially alter Tata Motors' market position and operational scope.
The acquisition of a significant stake in Iveco Group represents a strategic expansion for Tata Motors, enhancing its global presence and product portfolio.
Tata Motors Limited, through its indirect wholly owned subsidiary TML CV Holdings B.V., has successfully completed the initial settlement of the tender offer for Iveco Group N.V. This acquisition results in Tata Motors holding approximately 89.42% of Iveco Group's common share capital, making Iveco an indirect subsidiary of Tata Motors. The acquisition was completed on October 30, 2026, with a cash consideration of €14.4 per share. Iveco Group, a global player in the automotive industry with brands like IVECO, FPT, and IVECO BUS, reported a revenue from operations in CY25 of approximately ₹1,42,471 Crore (€13,428 Million). The acquisition aims to create a stronger, more diversified entity with a significant global presence by combining complementary product portfolios and capabilities.
Following the settlement, changes at Iveco Group include a new Board composition with N. Chandrasekaran as Chairperson, Olof Persson as CEO, and other directors. New Board Committee compositions for Audit, Compensation, and ESG have also been established. All Special Voting Shares have been repurchased for no consideration. Additionally, Iveco Group's Q3 2026 financial results disclosure has been brought forward to November 3, 2026, from the original date of November 5, 2026. The tender offer's acceptance period will be reopened for five trading days from November 2 to November 6, 2026, with settlement for shares tendered during this period scheduled for November 13, 2026.
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Tata Motors Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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