At what enterprise value was IDV GROUP acquired in 2026?

During the acquisition of IDV GROUP by LEONARDO in 2026, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of IDV GROUP when it was acquired by LEONARDO?

The exact EV/EBITDA multiple for IDV GROUP is available on mynth capital. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.2x. Join our community for free to access full valuation data and industry trends.

When was IDV GROUP acquired by LEONARDO?

IDV GROUP was acquired by LEONARDO in 2026.

What was the revenue of IDV GROUP at the time of the deal?

The revenue of IDV GROUP at the time of the deal is estimated to be in the range of 1b - 3b EUR. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the IDV GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the IDV GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.leonardo.com/en/press-release-detail/-/detail/18-03-2026-leonardo-completes-the-acquisition-of-iveco-group-s-defence-business

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Home Database Industry & ManufacturingIDV GROUP

03/2026

IDV GROUP acquired by LEONARDO

ITALY Aerospace, Naval & Defense / Ground Vehicles & Armor EV 1b - 4b EUR

Context

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, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.2x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

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.

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REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 1b - 3b EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of IDV GROUP by LEONARDO are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: leonardo