Iveco Group N.V.: IVECO BUS to supply 153 electric buses to ATM in Milan

Turin, 19^th December 2023. IVECO BUS, the urban, intercity and tourist bus brand of Iveco Group N.V. (EXM: IVG), has signed a contract to supply 153 new electric buses to Azienda Trasporti Milanesi S.p.A. (ATM), Milan's public transport company, marking a major milestone in the city's transition to sustainable mobility.

The contract, worth more than 120 million euros, is part of ATM's strategic plan to offer increasingly sustainable and accessible mobility. ATM is committed to converting its entire urban fleet to 1,200 electric buses and making necessary changes in the surrounding ecosystem, which include the renewal of depots and the creation of new facilities that will be fully integrated into the design of the city. The arrival of the new IVECO BUS electric vehicles represents a crucial step in ATM's Full Electric plan: by 2026, half of the buses in service in Milan will be electric.

The tender for the new buses comprises 153 new 12-metre electric buses and their full-service maintenance for ten years. The first deliveries are expected by the first quarter of 2025 and all the remaining buses are to be delivered by June 2026. An investment of this size is confirmation that public transport in Milan is facing disruptive environmental and energy challenges and that IVECO BUS is able to provide viable solutions as one of ATM's main suppliers. Over the years, IVECO BUS has contributed to Milan's mobility and today its vehicles constitute 45% of the entire ATM fleet (550 buses out of 1,200).

Domenico Nucera, President, Bus Business Unit, Iveco Group, commented: "We are proud to play an important role in Milan's journey towards more sustainable mobility. The competitive total cost of ownership offering of IVECO BUS, combined with our close proximity to ATM, allows us to provide a tailored solution that meets the specific needs of this fast-paced city."

Iveco Group N.V.

Media Contacts:
Francesco Polsinelli, Tel: [phone]
Fabio Lepore, Tel: [phone]
E-mail: [e-mail]

Investor Relations:
Federico Donati, Tel: [phone]
E-mail: [e-mail]

Attachments

• 20231219_PR_IVECO_BUS_signs_ATM_Milano_contract (https://ml-eu.globenewswire.com/Resource/Download/c23f072e-4c30-4d4b-8d2b-c68ccefb47ab)
• IVECO GROUP N.V. (https://ml-eu.globenewswire.com/Resource/Download/71997850-1ef3-46e4-95b4-c8e7304aa624)