Completed · Italy · Industrial technology
UST takes a majority stake in Italdesign.
UST, an AI and technology transformation company headquartered in the US with an Aliso Viejo, California dateline, completed its acquisition of a majority stake in Italdesign, the car design and vehicle engineering company in Moncalieri, Italy, from the Audi Group on 7 September 2026. The deal completed on 7 September 2026.
SigningDay 100
Signing 10 December 2025 · Day 100 on 16 December 2026
- Buyer
- UST Global Inc. ·Aliso Viejo, United States
- Target
- Italdesign-Giugiaro S.p.A. ·Moncalieri, Italy
- Type
- Majority stake
- Announced
- 10 December 2025
- Signed
- 10 December 2025
- Completed
- 7 September 2026
- Value
- Not disclosed
- People
- more than 1,300
- Last checked
- 28 October 2026
The people side in Italy
- In a business transfer involving more than 15 workers, seller and buyer give the unions written notice at least 25 days before completion or any earlier binding agreement. Law 428/1990, article 47
- If the unions ask in writing within seven days, seller and buyer open a joint examination within seven days; consultation ends after ten days without agreement. Law 428/1990, article 47
- A non-EU buyer taking control of an Italian company holding strategic assets, such as in energy, transport or communications, notifies the government within ten days; the government has 45 days to act. Decree-Law 21/2012 (golden power), article 2
- Where combined Italian turnover exceeds EUR 595 million and at least two parties each exceed EUR 36 million in Italy, the deal must be notified to the competition authority (AGCM). AGCM: Soglie di fatturato (turnover thresholds), updated 16 March 2026
- Where the deal needs EU merger clearance, the buyer may not implement it before clearance. EU Merger Regulation (Council Regulation (EC) No 139/2004), article 7
Sources
More deals into ItalyMore deals by buyers from the United StatesIndustrial technology dealsSeptember 2026
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