Tata will keep Iveco's industrial footprint, employees after acquisition, Iveco CEO says
31/07/2025 10:09
ROME, July 31 (Reuters) - India's Tata Motors TAMO.NS has committed to maintaining Iveco's "industrial footprint and employee communities" after agreeing to buy its trucks and bus business, the Italian truck maker's Chief Executive Olof Persson said on Thursday. Iveco employs around 36,000 people, including 14,000 in Italy. Persson said that given the complementarity of the two groups the integration process after the acquisition would be "smooth and successful". He added that the deal with Tata, along with the sale of the IDV defence unit to Italy's Leonardo LDOF.MI, would "unlock superior growth opportunities and create significant value for all stakeholders". (Reporting by Giulio Piovaccari, writing by Giulia Segreti, editing by Giselda Vagnoni) ((Giulia.Segreti@tr.com; +39.06.80307714;))