Iveco Group
Iveco Group N.V. is a public limited company incorporated under the laws of the Netherlands on 16 June 2021, with its statutory corporate seat in Amsterdam and registration with the Dutch Chamber of Commerce (Kamer van Koophandel) under number 83102701. Its current status is active. The company also maintains an Italian branch registration at its principal operating office, Via Puglia 35, Turin (Torino company register number TO1296847, tax code/VAT number IT12520180014); this Italian registration reflects Iveco Group N.V.’s operational base in Turin rather than its actual seat of incorporation, which is the Netherlands.
Iveco Group N.V. designs, manufactures and sells commercial and specialty vehicles, buses and powertrains through brands including IVECO (trucks), IVECO BUS, Astra (off-road and specialty vehicles) and FPT Industrial (powertrains), alongside related financial and aftermarket services. The company was created through the demerger of CNH Industrial N.V.’s On-Highway business, effective 1 January 2022, and its common shares began trading on Euronext Milan on 3 January 2022 under the ticker symbol IVG.
For the year ended 31 December 2025, Iveco Group reported consolidated net revenues of approximately EUR 13.4 billion, a decrease of 7% versus the prior year, with a consolidated adjusted EBIT margin of 4.8%, and approximately 35,453 employees (34,712 full-time and 741 part-time) as of that date, according to its 2025 Annual Report.
On 4 September 2026, Tata Motors Limited announced a recommended all-cash voluntary tender offer for all of Iveco Group’s common shares at EUR 14.10 per share (cum dividend), valuing the company at approximately EUR 3.82 billion. The Iveco Group Board of Directors unanimously recommended the offer, and Exor N.V., the company’s largest shareholder, irrevocably committed to tender its shareholding. The acceptance period was set to run from 7 September to 26 October 2026, with an Extraordinary General Meeting of shareholders scheduled for 16 October 2026 and the required regulatory clearances already obtained.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
3
Shareholders of Iveco Group N.V.
Iveco Group N.V. is a publicly listed company whose common shares trade on Euronext Milan under the ticker IVG, so its shareholder base is disclosed primarily through major or reportable shareholding notifications rather than a complete register. The largest disclosed shareholder is Exor N.V., reported to hold approximately 27.06% of Iveco Group’s common shares and approximately 43.19% of its voting rights as of September 2026 – the higher voting percentage reflects Iveco Group’s loyalty-voting share structure, under which longer-held registered shares carry additional votes. This holding was disclosed in connection with Tata Motors’ September 2026 tender offer, in which Exor irrevocably committed to tender its stake.
A separate registry snapshot held by Zavia.ai (verified 2 August 2026) lists three institutional holdings: iShares Trust – iShares Core MSCI EAFE ETF (approximately 8.36%), Vanguard Total International Stock Index Fund (approximately 16.83%) and iShares Trust – iShares MSCI EAFE Small-Cap ETF (approximately 4.63%). These are passive index-fund positions rather than a complete or controlling shareholder base, and they notably do not include Exor N.V., the company’s largest reported shareholder; this is flagged as a gap in the underlying registry data rather than evidence that Exor’s position does not exist.
Ultimate beneficial ownership
No verified ultimate beneficial owner is reported for Iveco Group N.V. in the sources reviewed. Exor N.V. is itself a listed company, and calculating an effective ownership percentage for any individual behind Exor would require a complete, dated ownership chain that was not available in the sources used for this profile, so no such calculation is presented here.
Data availability
Shareholder information for Iveco Group N.V. is best described as major shareholders only: as a Euronext Milan-listed company, only holdings above regulatory disclosure thresholds are publicly reported, and the Zavia.ai registry snapshot referenced above is partial and does not reflect the company’s full or current major-shareholder base.
Sources
Tata Motors Limited tender offer announcement, GlobeNewswire, 4 September 2026, retrieved 11 September 2026; Iveco Group N.V. company registry data snapshot, Zavia.ai, verified 2 August 2026.
Registry feed — rows exactly as filed with the source register, including entries the profile above does not cover.
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund | 16.8% | ||
| iShares Trust-iShares Core MSCI EAFE ETF | 8.4% | ||
| iShares Trust-iShares MSCI EAFE Small-Cap ETF | 4.6% |
Officers
11
Directors and officers of Iveco Group N.V.
Iveco Group N.V.’s Board of Directors comprised nine members as published on the company’s own governance pages (retrieved 11 September 2026): two Executive Directors – Suzanne Heywood (Chair) and Olof Persson (Chief Executive Officer) – and seven Non-Executive Directors: Lorenzo Simonelli (Senior Independent Non-Executive Director), Judy Curran, Tufan Erginbilgic, Clara Fain, Essimari Kairisto, Linda Knoll and Alessandro Nasi. Current terms of office are stated to expire at the company’s 2026 Annual General Meeting. Olof Persson has served as CEO since 1 July 2024, succeeding Gerrit Marx, who left the company to become Chief Executive Officer of CNH Industrial N.V. Nationality is not disclosed for any director in the sources reviewed and is not stated here.
Among the wider executive/leadership team, Anna Tanganelli has served as Chief Financial & Information Technology Officer since September 2023; Veronica Quercia holds the role of Chief Human Resources Officer; Gabriella Porcelli holds the role of Chief Legal & Compliance Officer and Head of Corporate Governance; and Domenico Nucera holds the role of Chief Quality & Operations Officer, according to the company’s own governance and press disclosures and the Zavia.ai registry snapshot (11 total officer records on file, of which a partial sample was reviewed for this profile).
Recent officer changes
Olof Persson replaced Gerrit Marx as Group Chief Executive Officer effective 1 July 2024, following Marx’s departure to lead CNH Industrial N.V. (announced 21 April 2024). In September 2026, Iveco Group announced that Chief Financial & Information Technology Officer Anna Tanganelli will step down once Tata Motors’ tender offer for the company substantively completes, targeted for 2 November 2026, with a search for her successor under way.
Data availability
The underlying Zavia.ai registry snapshot for this company (last synced 11 August 2026) still records Gerrit Marx as an active Chief Executive Officer; this is outdated. Iveco Group’s own investor relations disclosures confirm that Marx left the company on 1 July 2024 and that Olof Persson has held the CEO role since that date. This discrepancy is flagged here as a data-quality issue in the on-file registry data rather than corrected within that record. Officer nationality is not publicly disclosed by Iveco Group N.V. in the sources reviewed for this profile.
Sources
Iveco Group N.V., Board of Directors, ivecogroup.com, retrieved 11 September 2026; Olof Persson to replace Gerrit Marx as CEO of Iveco Group starting from July 2024, Iveco Group press release, 21 April 2024; Iveco Group CFO transition announcement, September 2026; Iveco Group N.V. company registry data snapshot, Zavia.ai, last synced 11 August 2026.
Registry feed — rows exactly as filed with the source register, including entries the profile above does not cover.
Group Structure
Group structure of Iveco Group N.V.
Iveco Group N.V. is an independently listed parent company; no current corporate parent has been identified for it in the sources reviewed. The company was formed through the demerger of CNH Industrial N.V.’s On-Highway business, effective 1 January 2022; at that separation, Iveco Group’s shares were distributed to CNH Industrial’s own existing shareholders rather than retained by CNH Industrial, so CNH Industrial N.V. is a historical former parent of the demerged business and is not a current shareholder or parent of Iveco Group N.V. according to the sources reviewed. The Torino registration on file for this profile (TO1296847) reflects Iveco Group N.V.’s own Italian branch and operating registration at Via Puglia 35, Turin, rather than a separate subsidiary entity.
Within the wider corporate family, Iveco Group’s own registry linkage data (Zavia.ai, last synced 11 August 2026) lists Iveco S.p.A. and FPT Industrial S.p.A., both incorporated in Italy, as key operating entities carrying out the group’s commercial-vehicle manufacturing and powertrain businesses respectively, alongside numerous national distribution and financial-services subsidiaries across Europe, the Americas and Asia-Pacific. Ownership percentages within this structure were not disclosed in the sources reviewed.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Iveco S.p.A. | IT | IT09709770011 | Possible relationship (registry-linked group operating entity) | Ownership percentage not disclosed | Active | 11 August 2026 |
| FPT Industrial S.p.A. | IT | IT09397710014 | Possible relationship (registry-linked group operating entity) | Ownership percentage not disclosed | Active | 11 August 2026 |
| CNH Industrial N.V. | NL | Not disclosed | Historical relationship (former parent before 1 January 2022 demerger; no current ownership link identified) | Not applicable | Separated | 1 January 2022 |
Recent structural changes
Iveco Group N.V. separated from CNH Industrial N.V. through the demerger of CNH Industrial’s On-Highway business, effective 1 January 2022, becoming an independently listed company on Euronext Milan from 3 January 2022. On 4 September 2026, Tata Motors Limited announced a recommended tender offer for Iveco Group’s common shares; if completed, this would establish Tata Motors as Iveco Group’s controlling shareholder, but as of the information date the transaction had not yet completed and no change of control had taken effect.
Data availability
Group-structure information for Iveco Group N.V. is partial: the demerger from CNH Industrial N.V. and the pending Tata Motors transaction are well documented in official announcements, but ownership percentages for the group’s own operating subsidiaries were not disclosed in the sources reviewed for this profile, and the relationships shown above are drawn from registry linkage data rather than a verified corporate ownership filing.
Sources
Iveco Group N.V. company registry and linkage data, Zavia.ai, last synced 11 August 2026; Demerger of CNH Industrial N.V. through the Separation and Transfer of its On-Highway Business to Iveco Group N.V., Iveco Group/CNH Industrial press releases, December 2021 and June 2022; Tata Motors tender offer announcement, GlobeNewswire, 4 September 2026, retrieved 11 September 2026.
Registry feed — rows exactly as filed with the source register, including entries the profile above does not cover.
Iveco Group N.V.
Netherlands
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Frequently Asked Questions
What is Iveco Group N.V.?
Iveco Group N.V. is a Netherlands-incorporated public company that designs, manufactures and sells commercial vehicles, buses, specialty vehicles and powertrains through brands including IVECO, IVECO BUS, Astra and FPT Industrial, listed on Euronext Milan under the ticker IVG.
Where is Iveco Group N.V. incorporated and registered?
Iveco Group N.V. was incorporated under the laws of the Netherlands on 16 June 2021, with its statutory corporate seat in Amsterdam and Chamber of Commerce (KvK) number 83102701. Its principal operating office is at Via Puglia 35, Turin, Italy, where it also holds an Italian registration (Torino company register number TO1296847, tax code/VAT number IT12520180014) covering its Italian branch.
Why does the Zavia.ai registry record list an Italian jurisdiction and a Torino registration number for Iveco Group?
The Torino registration (TO1296847) reflects Iveco Group N.V.'s Italian branch and operational registration at its principal office in Turin, not the company's actual seat of incorporation, which is the Netherlands.
When was Iveco Group N.V. formed?
Iveco Group N.V. was formed through the demerger of CNH Industrial N.V.'s On-Highway business, effective 1 January 2022, and began independent trading on Euronext Milan on 3 January 2022 under the ticker IVG.
Is Iveco Group still connected to CNH Industrial?
No current ownership link has been identified. The two companies separated in the 1 January 2022 demerger, after which Iveco Group shares were distributed to CNH Industrial's existing shareholders rather than retained by CNH Industrial itself, and the companies now operate as separate, independently listed businesses.
Who is the largest shareholder of Iveco Group?
Exor N.V. is the largest disclosed shareholder, reported to hold approximately 27.06% of Iveco Group's common shares and approximately 43.19% of its voting rights as of September 2026, according to disclosures made in connection with the Tata Motors tender offer.
Who is the CEO of Iveco Group?
Olof Persson has served as Group Chief Executive Officer and Executive Director since 1 July 2024, succeeding Gerrit Marx, who left the company to become Chief Executive Officer of CNH Industrial N.V.
Who chairs the Iveco Group Board of Directors?
Suzanne Heywood serves as Chair and Executive Director of the Board, which comprised nine directors as of the company's most recent governance disclosure, with current terms due to expire at the 2026 Annual General Meeting.
What is the status of the Tata Motors offer for Iveco Group?
On 4 September 2026, Tata Motors announced a recommended all-cash voluntary tender offer for Iveco Group's common shares at EUR 14.10 per share (cum dividend), valuing the company at approximately EUR 3.82 billion. The Iveco Group Board unanimously recommended the offer, and Exor N.V. irrevocably committed to tender its shareholding, with an acceptance period running from 7 September to 26 October 2026 and an Extraordinary General Meeting scheduled for 16 October 2026.
Who is Iveco Group's Chief Financial Officer?
Anna Tanganelli has served as Chief Financial & Information Technology Officer since September 2023. In September 2026 the company announced she will step down once the Tata Motors tender offer substantively completes, targeted for 2 November 2026, with a successor search under way.
What were Iveco Group's most recent reported financial results?
For the year ended 31 December 2025, Iveco Group reported consolidated net revenues of approximately EUR 13.4 billion, down 7% year-on-year, with a consolidated adjusted EBIT margin of 4.8%.
How many employees does Iveco Group have?
Iveco Group reported approximately 35,453 employees (34,712 full-time and 741 part-time) as of 31 December 2025.
What are Iveco Group's main operating subsidiaries?
Key operating subsidiaries include Iveco S.p.A. and FPT Industrial S.p.A., both incorporated in Italy, which carry out the group's commercial-vehicle manufacturing and powertrain businesses respectively.
On which stock exchange is Iveco Group listed?
Iveco Group N.V. common shares are listed on Euronext Milan under the ticker symbol IVG, having begun trading there on 3 January 2022.
Is Iveco Group N.V. the same legal entity as Iveco S.p.A.?
No. Iveco Group N.V. is the Netherlands-incorporated parent listed on Euronext Milan, while Iveco S.p.A. is a separate Italian-incorporated operating subsidiary within the group that manufactures commercial vehicles under the IVECO brand.