Leonardo acquires Iveco’s Defense Business for 1.6 billion | EUROtoday

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Leonardo closes the circle on the acquisition of the Defense enterprise of Iveco Group (IDV and Astra manufacturers). The main firm in Europe within the protection and safety sectors has thus finalized the settlement introduced on 30 July final 12 months: the operation is price 1.6 billion euros, according to the enterprise worth set at 1.7 billion, internet of contractual changes. The deal will create a European champion within the land protection sector, with the dimensions and expertise essential to compete globally.

The proceeds from the sale distributed as a rare coupon

As deliberate, the web proceeds from the sale might be distributed to the corporate’s shareholders through a particular dividend. Taking into consideration the worth collected, the anticipated closing changes and the separation prices incurred for the institution of the Defense Business, the dividend (initially estimated at 5.5-6 euros per share) is presently anticipated to be round 5.7-5.8 euros for every unusual share issued and in circulation. The precise quantity of the distribution might be decided in the end by the board of administrators. Payment is anticipated to happen on April twentieth, according to the usual ex-dividend date set by the Borsa Italiana calendar. On March 25, the extraordinary assembly of Iveco Group shareholders will talk about the distribution of the extraordinary dividend which might be decided by board decision. Following the sale concluded immediately, the agenda merchandise referring to the break up of Iveco Group (hypothesized as a substitute device to separate the Defense Business) is faraway from the agenda.

Persson: this milestone is a elementary second for the way forward for IDV and Astra

«This milestone represents a elementary second for the way forward for IDV and Astra. Our colleagues have demonstrated extraordinary dedication in responding to the rising demand for land protection automobiles and the applied sciences we’ve developed. Now they may be part of a bunch with the dimensions and built-in capabilities wanted to compete in each situation. We sincerely want them lasting success”, commented Olof Persson, CEO of Iveco Group. The Defense Business Unit (with book value of 313 million euros as of 31 December 2025) has been classified as “Discontinued Operations” starting from the third quarter of 2025.

Cingolani: the deal strengthens us as a reference player in land defense

Satisfaction was also expressed by Leonardo’s CEO, Roberto Cingolani. «The acquisition strengthens us as a reference player in the land defense sector and makes us even more competitive in a market segment characterized by significant future growth prospects. Thanks to the operation, Leonardo adds the industrial skills to produce integrated platforms, both in the mobility and payload parts, and takes a further step in the inorganic growth strategy, one of the guidelines in the development of the Industrial Plan”.