Leonardo has completed the acquisition of 100% of the share capital of IDV Group S.r.l. from the Iveco Group. The acquisition is a cornerstone of Leonardo's strategy to establish itself as a dominant European leader in land defense by integrating IDV’s world-class vehicle platforms with Leonardo’s electronics, turrets, and software suites. The strategic rationale focuses on creating a national and European champion capable of delivering fully integrated tracked and wheeled platforms. By absorbing its long-term partner in the CIO consortium, Leonardo removes internal friction and accelerates the joint development of next-generation armored vehicles. The deal also leverages complementary global sales networks and a workforce of 2,000 specialists. This integration is expected to drive significant operational synergies in logistics, manufacturing, and R&D, positioning Leonardo to capture a larger share of the expanding European land defense budgets.

IDV Group is the specialized defense vehicle division carved out from the Iveco Group, encompassing the IDV and ASTRA brands. The organization is a premier designer and manufacturer of a wide range of military automotive solutions, including light and medium armored vehicles, heavy armored platforms, and specialized tactical and logistic trucks. With six manufacturing sites across Italy, Germany, Romania, and Brazil, and seven R&D centers, the company provides mission-critical mobility solutions for international armed forces. Its business model centers on high-performance vehicle platforms capable of integrating complex weapon systems and electronics. Historically, the entity operated the Iveco–Oto Melara Consortium (CIO) in a 50/50 partnership with Leonardo, producing flagship platforms such as the Centauro II armored vehicle.