Leonardo completed the acquisition of Iveco Defence for €1.7bn.

Leonardo, a global high-tech company specializing in aerospace, security, and defense, completed the acquisition of Iveco Defence, a division of the Iveco Group, for €1.7bn. "The acquisition strengthens our position as a leading player in the land defence sector and enhances our competitiveness in a market offering significant long-term growth potential. Through this transaction, Leonardo acquires the industrial capabilities required to deliver fully integrated platforms, spanning both mobility and payload, and takes a further step forward in inorganic growth strategy, one of the pillars underpinning the execution of our Industrial Plan," Roberto Cingolani, Leonardo CEO and General Manager.