Seri Industrial completed the acquisition of a 98% stake in Industria Italiana Autobus from Leonardo.

Seri Industrial, a holding company, completed the acquisition of a 98% stake in Industria Italiana Autobus, a public road transport manufacturer, from Leonardo, a multinational company specialising in aerospace, defence and security. Financial terms were not disclosed. “The disposal of Industria Italiana Autobus is part of our plan to rationalize Leonardo’s participations portfolio and to focus on our core business, in line with the industrial plan," Roberto Cingolani, Leonardo CEO.