Latest Deals
Credit: Iveco
Tata Motors to acquire Iveco
The biggest M&A Automotive deal in 2025 is set to be Tata Motors’ acquisition of Iveco Group – from the Agnelli family - for $4.3 billion. The planned arrangement aims to preserve Iveco’s autonomy: its headquarters remain in Turin, its workforce and industrial footprint are protected by binding non-financial covenants (no layoffs, and no plant closures for at least two years), and the existing board structure will be largely retained with independent oversight.
Schaeffler to divest Chinese turbocharger arm to Chengdu
German machine and car parts manufacturer Schaeffler has agreed to sell its Chinese turbocharger unit to Chengdu Xiling Power Science & Technology. The deal with the Chinese company is part of the portfolio rationalisation Schaeffler outlined at its capital markets day. The turbocharger business, which is currently organised under Vitesco Automotive Shanghai, became part of Schaeffler in 2024 with the purchase of Vitesco Technologies.
Hyosung to acquire Umicore’s battery materials unit EMM
South Korea’s HS Hyosung Advanced Materials Corporation (Hyosung) is expanding into the battery materials sector with the acquisition of a majority stake in a subsidiary of Belgian materials technology and recycling group Umicore BV. Hyosung has agreed to acquire an 80% stake in Extra Mile Materials BV, a developer of silicon composite anode materials headquartered in Brussels, with Umicore retaining a 20% stake.
Linamar seals deal to buy Aludyne’s North American assets
Canada’s Linamar has agreed to acquire select North American assets of auto parts company Aludyne, in a deal valued at $300m. The deal encompasses substantially all of Aludyne’s precision casting, machining solutions, and manufacturing operations within North America.
