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Leonardo acquires Iveco Defence Vehicles for €1.6 billion
PUBLIC · DRSJul 31, 2026•9 days ago
Acquiring Company
Leonardo
Acquired Company
Iveco Defence Vehicles
AustraliaSoftware
Description
Leonardo has completed the acquisition of Iveco Defence Vehicles for €1.6 billion. This strategic move aims to strengthen Leonardo's position in the defence sector amidst rising demand for military solutions. The acquisition reinforces Leonardo’s commitment to providing advanced technologies and products globally.
Company Information
Company
Leonardo
Location
Australia
About
Today, the AI art production platform for consumers and enterprise users announced a $31 million USD round from investors including Blackbird, Side Stage Ventures, Smash Capital, TIRTA Ventures, Gaorong Capital and Samsung Next.
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed
Frequently asked
Who acquired Iveco Defence Vehicles?
Iveco Defence Vehicles was acquired by Leonardo, based in Australia. The deal was reported on July 31, 2026. Leonardo is publicly traded (DRS) and operates in Software.
When did Leonardo acquire Iveco Defence Vehicles?
Leonardo's acquisition of Iveco Defence Vehicles was reported on July 31, 2026. Leonardo has completed the acquisition of Iveco Defence Vehicles for €1.6 billion. This strategic move aims to strengthen Leonardo's position in the defence sector amidst rising demand for military solutions. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Iveco Defence Vehicles do?
Iveco Defence Vehicles is a manufacturer of military vehicles and tactical mobility solutions. The company is focused on providing capable solutions for armed forces globally, offering a range of products designed for various defence and security applications. It is privately held.