Synopsis : Tata Motors is reportedly in talks to acquire a controlling stake in Italian truck manufacturer Iveco from the Agnelli family for $4.5 billion. If finalized, it would mark Tata Motors’ biggest deal since acquiring Jaguar Land Rover in 2008.
In a potential blockbuster deal, Tata Motors is in advanced negotiations to acquire a controlling stake in Iveco, the prominent Italian truck maker, from its major shareholder—the Agnelli family, through their investment firm Exor. This acquisition, valued at approximately $4.5 billion, could mark the company’s largest purchase since the Jaguar Land Rover buyout in 2008, and the Tata Group’s second-largest acquisition overall after Corus.
According to reports by The Economic Times, a formal announcement could be expected soon. However, this update is currently based on unnamed sources and not yet confirmed by either party.
Previously, Reuters reported that the Agnelli family had been exploring a sale of Iveco’s truck business and that Tata Motors had approached Exor about a potential deal. However, the defense division of Iveco is likely excluded from this sale.
As per the latest updates, the boards of both Tata Motors and Iveco are actively discussing the acquisition, including its structure, implications, and final valuation. Market watchers anticipate that Tata Motors’ stock will react sharply once the deal is confirmed.
This deal, if successful, would significantly boost Tata Motors’ global footprint in the commercial vehicle segment and strengthen its position in Europe’s truck manufacturing landscape.
Disclaimer : The information in this article is based on reports from The Economic Times and Reuters. No official confirmation has been provided by Tata Motors or the Agnelli family as of the time of writing.
