Business · Companies · 19 mins ago
Tata Motors completes $4.5 billion acquisition of Iveco
Tata Motors has completed its acquisition of Italian truckmaker Iveco after a 15-month process.
The deal, first announced in July 2025, has an enterprise value of about $4.5 billion and faced resistance from some Iveco shareholders over the offer price.
Nearly 88% of Iveco shares were tendered, allowing the companies to move ahead with integrating their commercial vehicle businesses.
Together, they sell more than 540,000 vehicles a year and generate more than $25 billion in revenue.
The deal broadens Tata Motors’ reach beyond India, combining its established presence there with Iveco’s strength in Europe and Latin America.
The companies plan to share platforms and engineering work to reduce costs, while Tata gains access to products such as heavy-duty mining trucks and tractor-trailers.
Integration is the next step, with senior Tata executives set to join Iveco’s board.
Tata Motors has completed its acquisition of Italian truckmaker Iveco Group, in a deal with an enterprise value of about $4.5 billion.
The tender offer closed with nearly 88% of Iveco shares tendered, while provisional results put Tata’s holding at 89.42%.
The acquisition brings together commercial vehicle businesses with combined annual sales of more than 540,000 vehicles and revenue of over $25 billion.
Tata said the deal would expand its geographic reach and access to product segments where it has had limited presence.
The process faced delays and resistance from some minority shareholders over the offer price.
- Who
- Tata Motors acquired Iveco Group, an Italian truckmaker.
- What
- Tata completed the acquisition of Iveco. The deal has an enterprise value of about $4.5 billion.
- When
- The transaction was completed on Monday, October 26, 2026.
- Where
- Iveco is based in Italy; the transaction was reported on the Italian stock exchange.
- Why
- Tata aims to expand its global reach and enter commercial vehicle segments where it has had limited presence.
Iveco minority shareholders opposing the deal
Tata Motors
Offer price
Iveco minority shareholders opposing the deal
Some minority shareholders resisted the deal over the offer price.
Tata Motors
Tata raised its offer to €14.40 per share from €14.10.
Strategic case
Iveco minority shareholders opposing the deal
About 12% of shareholders voted against deal-related resolutions at the extraordinary general meeting.
Tata Motors
Tata argued the acquisition would expand its global presence and could generate significant synergies.
Tata Motors first announced the acquisition.
The tender offer for Iveco shares began.
Tata raised its offer price to €14.40 per share from €14.10.
At an extraordinary general meeting, about 53% of shareholders voted in favour of deal-related resolutions, 12% voted against and 35% did not vote.
The tender offer closed with nearly 88% of Iveco shares tendered, and the acquisition was reported as completed.
Final tender-offer results were scheduled to be communicated before the market opened.
- Enterprise value
- About $4.5 billion
- Tendered shares
- Nearly 88%
- Provisional Tata holding
- 89.42% of Iveco common share capital
- Combined annual sales
- More than 540,000 vehicles
- Combined revenue
- Over $25 billion
- Offer price
- €14.40 per share