Headlines
Italy to seek guarantees on jobs and know-how as Iveco is sold to Tata
Published by Global Banking & Finance Review®
Posted on August 6, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 6, 2025
2 min readLast updated: January 22, 2026
The Italian government will oversee the sale of Iveco to Tata Motors, ensuring job security and local expertise preservation. The deal is valued at 3.8 billion euros.
MILAN (Reuters) -The Italian government will monitor the sale of truckmaker Iveco to Indian group Tata Motors to make sure the company's jobs, manufacturing footprint and local know-how are preserved in Italy, the industry minister said on Wednesday.
India's Tata Motors last week agreed to buy Italy-based Iveco in a deal valuing it at 3.8 billion euros ($4.4 billion), while the truck and bus maker separately announced the sale of its IDV defence business to Leonardo, giving it an enterprise value of 1.7 billion euros.
Tata Motors pledged not to intervene for two years in Iveco's workforce, organisation and governance, and avoid any material restructuring or plant closures, according to the statement that announced the deal.
The sale is expected to be finalised in 2026.
The Italian government "will continuously monitor the sale process to ensure utmost guarantees for the industrial and employment future of all production sites in the country", Industry Minister Adolfo Urso said in parliament.
"We will monitor all aspects related to the protection of technology, research and industrial heritage, resorting, where necessary, to the tools provided for by current legislation to ensure adequate protection of assets of strategic importance."
Iveco, which is controlled by Italy's Agnelli family via their investment company Exor, closely coordinated with the Italian government as it finalised the Iveco deals, a source with knowledge of the matter told Reuters this week.
($1 = 0.8601 euros)
(Reporting by Giulio Piovaccari, editing by Alvise Armellini, Kirsten Donovan)
The deal valuing the sale of Iveco to Tata Motors is approximately 3.8 billion euros, which is around $4.4 billion.
Tata Motors has pledged not to intervene in Iveco's workforce, organization, and governance for two years, avoiding any material restructuring or plant closures.
The Italian government will continuously monitor the sale process to ensure guarantees for the industrial and employment future of all production sites in the country.
The sale of Iveco to Tata Motors is expected to be finalized in 2026.
Iveco is currently controlled by Italy's Agnelli family through their investment company Exor.
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