Reuters · October 14, 2026

European Commission Says It Will Not Oppose Leonardo Acquisition of Iveco Defence Unit

• The European Commission said on Wednesday it would not oppose Leonardo's acquisition of Iveco's defence unit.
• The Commission said the deal was compatible with the internal market and with the European Economic Area Agreement.
• Iveco and Leonardo announced the €1.7 billion ($1.89 billion) deal at the end of July 2025.
• The report states the sale of the defence business paved the way for an all-cash tender offer for Iveco's remaining business by India's Tata Motors.

Commission decision and deal figures as reported by Reuters. This card is based on the accessible portion of the article only. Original headline: "EU Commission clears Leonardo acquisition of Iveco's defence unit".