Leonardo to acquire Iveco Defence for €1.7bn.

Leonardo, a global high-tech company specializing in aerospace, security, and defense, agreed to acquire Iveco Defence, a division of the Iveco Group, for €1.7bn. “The acquisition of Iveco Defence represents a key milestone in the execution of our inorganic growth strategy and supports the full implementation of our Industrial Plan. This transaction reinforces Leonardo’s position as a reference player in the European land defence market, a segment expected to experience sustained growth in the coming years,” Roberto Cingolani, Leonardo CEO and General Manager.