IVG

EQS-News: Second acquisition in 2024: Mutares has signed an agreement for the transfer of Magirus from Iveco Group

Retrieved on: 
Wednesday, April 10, 2024
EXM, EUR, Growth, Supervisory board, Frankfurt Stock Exchange, Iveco, CFO, Acquisition, SDAX, Goods, IVG, Airport, Regulated market, MUX, HQ

Munich, March 13, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement for the transfer of Magirus from Iveco Group (EXM: IVG).

Key Points: 
  • Munich, March 13, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement for the transfer of Magirus from Iveco Group (EXM: IVG).
  • Due to the required unbundling measures, the transaction is expected to be completed no later than January 2025.
  • Mark Friedrich, CFO of Mutares, comments on the transaction: “Magirus is a typical Mutares acquisition where the company stands for a reputed brand with high quality and represents a compelling value proposition.
  • As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding.

Publication of Iveco Group’s results from Continuing Operations for 2022 and 2023 by Business Unit

Retrieved on: 
Monday, April 8, 2024
EXM, ASTRA, Small Business Saturday, Iveco, Agriculture, Financial services, IDV, Commercial, FPT Industrial, Adjustment, IVG, IVECO, Fire, Revenue

Iveco Group (EXM: IVG) announces the publication on its corporate website of its quarterly figures for 2022 and 2023 duly recast according to the Company’s new segment reporting structure by Business Unit, as presented on 14th March 2024 and effective starting from 1st January 2024.

Key Points: 
  • Iveco Group (EXM: IVG) announces the publication on its corporate website of its quarterly figures for 2022 and 2023 duly recast according to the Company’s new segment reporting structure by Business Unit, as presented on 14th March 2024 and effective starting from 1st January 2024.
  • Following the agreement with Mutares SE & Co. KGaA (ISIN: DE000A2NB650) regarding the divestiture of the Fire Fighting business, as of the first quarter of 2024 this Business Unit will be classified as “Discontinued Operations”.
  • Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society.
  • Iveco Group employs more than 36,000 people around the world and has 20 industrial sites and 29 R&D centres.

SaverOne Signs Milestone OEM Agreement with IVECO

Retrieved on: 
Wednesday, March 27, 2024
EXM, Iveco, Digital, Partnership, Transport, Software, OEM, IVG, IVECO, Advanced technology

Petah Tikvah, Israel, March 27, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company that develops and sells transportation safety solutions, today announced that it has signed an OEM agreement with IVECO, the brand of Iveco Group N.V. (EXM: IVG) that designs, manufactures and markets light, medium and heavy commercial vehicles. The agreement seals the collaboration to develop a solution to prevent driver distraction from cellphone use.

Key Points: 
  • The OEM agreement covers the integration of SaverOne’s safety technology within IVECO’s vehicles through their manufacturing line.
  • The first IVECO vehicles with the integrated SaverOne software solution are expected to be delivered this year.
  • IVECO and SaverOne will also collaborate within their service centers to offer comprehensive support for drivers that use this technology.
  • Integrating the SaverOne technology into our trucks advances our efforts to provide our customers with not only the most reliable and efficient vehicles on the market, but also the safest.”
    Ori Gilboa, CEO of SaverOne, stated, "We are thrilled to sign this milestone OEM agreement with IVECO, a leading European vehicle manufacturer.

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Retrieved on: 
Monday, March 18, 2024
EXM, ASTRA, Iveco, Agriculture, SLT, IDV, FPT Industrial, IVG, IVECO, Management

Until then he will continue to serve in his current responsibilities and to ensure continuity.

Key Points: 
  • Until then he will continue to serve in his current responsibilities and to ensure continuity.
  • The search process to identify Mr. Tutino’s successor is already under way, with a view to making an appointment by the end of this transitional period.
  • Gerrit Marx, CEO, Iveco Group, said: “I want to thank Francesco for his passion, tenacity and leadership.
  • Iveco Group employs more than 36,000 people around the world and has 20 industrial sites and 29 R&D centres.

At its Capital Markets Day, Iveco Group updated its guidance for 2024 and presented the financial targets for the duration of the Plan

Retrieved on: 
Friday, March 15, 2024
Indian stock exchange, EXM, ASTRA, Agriculture, EPS, CNH, Financial services, IDV, Sale, Public expenditure, FPT Industrial, Nature, Adjustment, Industrial, IVG, Investment, IVECO, Fire, Collection, CNH Industrial, Person

Iveco Group monitors its operations through the use of several non-EU-IFRS financial measures.

Key Points: 
  • Iveco Group monitors its operations through the use of several non-EU-IFRS financial measures.
  • Iveco Group’s management believes that these non-EU-IFRS financial measures provide useful and relevant information regarding its operating results and targets and enhance the readers’ ability to assess Iveco Group’s financial performance and financial position.
  • Iveco Group’s non-EU-IFRS financial measures are defined as follows:
    Adjusted EBIT: is defined as EBIT before restructuring costs and non-recurring items.
  • Iveco Group employs more than 36,000 people around the world and has 20 industrial sites and 29 R&D centres.

Hyundai Motor and Iveco Group expand their partnership to explore synergies for electric heavy-duty trucks in the European markets

Retrieved on: 
Thursday, March 14, 2024
Hyundai Motor Company, Partnership, EXM, Fuel cell vehicle, Hyundai, IVG, International Motor Show Germany, LOI, IVECO, Iveco, Transport, Automotive industry

Hyundai Motor Company and Iveco Group (EXM: IVG) are strengthening their partnership to drive innovation in the commercial vehicle sector.

Key Points: 
  • Hyundai Motor Company and Iveco Group (EXM: IVG) are strengthening their partnership to drive innovation in the commercial vehicle sector.
  • Today the two companies signed a Letter of Intent (LOI), reinforcing their partnership with a facing view towards electric heavy-duty truck solutions, including both battery electric trucks and fuel cell electric trucks, for European markets.
  • Since initiating their partnership in March 2022, Hyundai Motor and Iveco Group have achieved a series of significant milestones.
  • Notably, in September 2022, they unveiled the first IVECO eDaily Fuel Cell Electric Vehicle at the IAA Transportation event in Hanover.

  Ford Trucks and IVECO sign Memorandum of Understanding to examine potential synergies

Retrieved on: 
Thursday, March 14, 2024
Ford Otosan, EXM, ASTRA, Iveco, Agriculture, Partnership, Tata Daewoo, Ford Motor Company, IDV, History, Ford, FPT Industrial, IVG, Memorandum of understanding, CO2, IVECO, Engineering, Automotive industry

Ford Trucks, the heavy commercial brand of Ford Otosan, and IVECO, the brand of Iveco Group N.V. (EXM: IVG) that designs, manufactures and markets light, medium and heavy commercial vehicles, have signed a non-binding Memorandum of Understanding (MoU) to explore a potential collaboration on development of a new cabin for heavy-duty commercial vehicles.

Key Points: 
  • Ford Trucks, the heavy commercial brand of Ford Otosan, and IVECO, the brand of Iveco Group N.V. (EXM: IVG) that designs, manufactures and markets light, medium and heavy commercial vehicles, have signed a non-binding Memorandum of Understanding (MoU) to explore a potential collaboration on development of a new cabin for heavy-duty commercial vehicles.
  • Present during the signing were Gerrit Marx, CEO of Iveco Group; Luca Sra, President of the Truck Business Unit at Iveco Group; Haydar Yenigün, President of Koç Holding Automotive Group; Güven Özyurt, General Manager of Ford Otosan and Emrah Duman, Vice President of Ford Trucks.
  • Further information is available on the Company’s website www.ivecogroup.com
    Ford Otosan was founded in 1959, Ford Otosan (Ford Otomotiv Sanayi A.Ş.)
  • Ford Otosan's heavy commercial vehicle brand, Ford Trucks, with over 60 years of history in local and global markets, is shaping the future with its engineering and technological power.

Iveco Group announces an agreement with Mutares to transfer the ownership of MAGIR

Retrieved on: 
Wednesday, March 13, 2024
Magirus, EXM, ASTRA, Iveco, Agriculture, IDV, FPT Industrial, IVG, IVECO, Mutares, Firefighter, HQ

Iveco Group (EXM: IVG) and Mutares SE & Co. KGaA (ISIN: DE000A2NB650), an investment holding focused on special situations transactions, announced today the signing of a definitive agreement for the transfer of ownership of Magirus GmbH and its affiliates performing firefighting business (“MAGIRUS”).

Key Points: 
  • Iveco Group (EXM: IVG) and Mutares SE & Co. KGaA (ISIN: DE000A2NB650), an investment holding focused on special situations transactions, announced today the signing of a definitive agreement for the transfer of ownership of Magirus GmbH and its affiliates performing firefighting business (“MAGIRUS”).
  • In 2023, MAGIRUS represented approximately 2% of Iveco Group revenues and recorded an Adjusted EBIT loss of €35 million.
  • As a result of this transaction, Iveco Group 2024 results will be negatively impacted by approximately €115 million in the first quarter of 2024.
  • Iveco Group employs more than 35,000 people around the world and has 20 industrial sites and 29 R&D centres.

Iveco Group announces its Capital Markets Day to be held 14th March 202

Retrieved on: 
Tuesday, March 12, 2024
EXM, EST, ASTRA, Q&A, Iveco, Agriculture, IDV, FPT Industrial, IVG, IVECO, GMT

Iveco Group N.V. (EXM: IVG) announced today that there will be an Iveco Group Capital Markets Day on Thursday, 14th March 2024.

Key Points: 
  • Iveco Group N.V. (EXM: IVG) announced today that there will be an Iveco Group Capital Markets Day on Thursday, 14th March 2024.
  • A live streaming of the Iveco Group Capital Markets Day will begin at 1:30 p.m. CET / 12:30 p.m. GMT / 8:30 a.m. EST on Thursday, 14th March 2024.
  • Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society.
  • Iveco Group employs more than 35,000 people around the world and has 20 industrial sites and 29 R&D centres.

Iveco Group publishes its 2023 Annual Report and calls the Annual General Meeting

Retrieved on: 
Tuesday, March 5, 2024
IDV, Iveco, ASTRA, The Annual Report, Annual report, IVECO, EXM, AGM, Executive, Policy, IVG, FPT Industrial, Agriculture, Annual

Iveco Group’s Annual Report for the year ended 31st December 2023 will be on the agenda of the Annual General Meeting of its Shareholders (AGM), that will be held in Amsterdam on 17th April 2024 at 12:00 p.m. (noontime) CEST.

Key Points: 
  • Iveco Group’s Annual Report for the year ended 31st December 2023 will be on the agenda of the Annual General Meeting of its Shareholders (AGM), that will be held in Amsterdam on 17th April 2024 at 12:00 p.m. (noontime) CEST.
  • Subject to Shareholders’ approval Iveco Group common shares will be quoted ex-dividend on 22nd April 2024.
  • Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society.
  • Iveco Group employs more than 35,000 people around the world and has 20 industrial sites and 29 R&D centres.