Italian truck maker Iveco Group has announced a deal to transfer its Nordic distribution and retail business to Sweden’s Hedin Mobility Group.

Iveco said that the deal, which spans Sweden, Norway, Finland, and Denmark, would allow it to simplify its operations in the region.

The transfer of commercial activities specifically covers light, medium and heavy trucks – including retail minibuses but excluding all other assets relating to bus activities, financial services, and other Group businesses.

Iveco said that its commercial vehicle product range is currently sold and serviced in the Nordics through 39 dealers and more than 100 workshops. The network will join Hedin Mobility Group’s international dealer network, made up of 270 dealerships selling more than 40 brands in 13 countries.

The transaction, subject to regulatory approval, is expected to be complete by the end of 2023.

Gerrit Marx, CEO, Iveco Group, said: “Collaboration with an ambitious, entrepreneurial company that enjoys remarkable market penetration like Hedin Mobility Group will boost product success across all our truck ranges, particularly electric and alternative propulsion vehicles. This expansion is fully in line with our strategy to foster a complete offering of innovative products and services in Europe, for the ultimate benefit of end-customers, dealers, and all our stakeholders”.

Anders Hedin, founder and CEO of Hedin Mobility Group, said: “We are very pleased to have the opportunity to enter this strategic partnership with Iveco Group, one of the world’s leading companies in road transportation, and to become the brand’s Nordic lighthouse.”

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