Italian Giant Expands Land Defence Portfolio Through Strategic Acquisition

Italian manufacturer Leonardo has acquired local firm Iveco Defence Vehicles in a deal valued at $1.9 billion. The acquisition marks a significant step in Leonardo’s plan to strengthen its role as a leading OEM in the land defence domain. Iveco’s product portfolio includes the Ariete C2 tracked main battle tank and the Viking multirole uncrewed ground vehicle. The deal is expected to enhance Leonardo’s comprehensive portfolio of solutions for defence and security. This development was first reported by Breaking Defense.