Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation
11 June 2024 - 8:00PM
Turin, 11th June 2024. Iveco Group N.V. (EXM:
IVG), a global automotive leader active in the Commercial &
Specialty Vehicles, Powertrain and related Financial Services
arenas, has successfully signed a term loan facility of 150 million
euros with Cassa Depositi e Prestiti (CDP), for the creation of new
projects in Italy dedicated to research, development and
innovation.
In detail, through the resources made available
by CDP, Iveco Group will develop innovative technologies and
architectures in the field of electric propulsion and further
develop solutions for autonomous driving, digitalisation and
vehicle connectivity aimed at increasing efficiency, safety,
driving comfort and productivity. The financed investments, which
will have a 5-year amortising profile, will be made by Iveco Group
in Italy by the end of 2025.
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. The eight brands are
each a major force in its specific business: IVECO, a pioneering
commercial vehicles brand that designs, manufactures, and markets
heavy, medium, and light-duty trucks; FPT Industrial, a global
leader in a vast array of advanced powertrain technologies in the
agriculture, construction, marine, power generation, and commercial
vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium
bus and coach brands; IDV, for highly specialised defence and civil
protection equipment; ASTRA, a leader in large-scale heavy-duty
quarry and construction vehicles; MAGIRUS, the industry-reputed
firefighting vehicle and equipment manufacturer; and IVECO CAPITAL,
the financing arm which supports them all. Iveco Group employs more
than 36,000 people around the world and has 20 industrial sites and
31 R&D centres. Further information is available on the
Company’s website www.ivecogroup.com
Media Contacts:Francesco Polsinelli, Tel: +39
335 1776091Fabio Lepore, Tel: +39 335 7469007E-mail:
mediarelations@ivecogroup.com
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20240611_PR_Iveco_Group_CDP_150_million_euro_term_loan_facility
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