The closing of the deal is subject to conditions, Iveco said in a statement.

Iveco did not provide financial details of the transaction, which follows an agreement in July between the two companies for the supply by FPT Industrial to Blue Energy Motors of engines for liquefied natural gas (LNG) powered trucks.

Iveco, one of market leaders in liquefied and compressed natural gas technologies for commercial vehicles, said that the cooperation with Blue Energy Motors, although initially focused on LNG applications, might develop in the future in the area of electrification.

(Reporting by Giulio Piovaccari, Editing by Louise Heavens)