Stellantis has announced the completion of a majority investment by a private equity firm One Equity Partners (OEP) in Comau, which specialises in industrial automation and advanced robotics.
This transaction results in OEP becoming the majority shareholder, while Stellantis retains a significant minority stake.
The spin-off of Comau, first announced in July 2024, is part of the strategic agreement made during the 2021 merger between previous Fiat Chrysler Automobiles (FCA) and Groupe PSA, which created Stellantis N.V.
The financial terms of the private transaction were not disclosed.
Comau CEO Pietro Gorlier said: “The finalisation of this transaction represents another fundamental milestone in Comau’s growth path. The support of One Equity Partners will allow us to capitalise on the growing global demand for advanced automation, with Stellantis as an active minority shareholder.
“This arrangement preserves our deep-rooted Italian identity while reaffirming Comau’s position as a leading international player in the industrial automation industry, as well as an increasing number of different sectors.”
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By GlobalDataComau’s leadership, including executive chairman Alessandro Nasi and CEO Pietro Gorlier, along with the executive team, will maintain their roles.
Stellantis chairman John Elkann said: “I am confident that Comau, under its new ownership, has the right leadership, strategy and operational discipline to create sustainable, long-term value for all its stakeholders, from Italy to the world.”
One Equity Partners Partner Ante Kusurin said: “Comau is a leading industrial automation company with significant growth potential and first-rate robotics technology.
“OEP is well-positioned to help drive Comau’s next phase of growth as an independent company utilising our industry expertise and established operational playbook for carve-out transactions.”
The new ownership structure will allow Comau to secure additional funding to bolster its Italian heritage and expand into diverse sectors, as stated by Stellantis at the deal’s announcement.
Comau is recognised for its advanced automation solutions. Its portfolio spans vehicle manufacturing, e-Mobility, and advanced robotics, coupled with digital solutions aimed at evolving industrial markets.
Comau also offers project management and consultancy services.
Based in Turin, Italy, Comau operates through a global network, including seven innovation centres and 12 manufacturing plants across 12 countries, employing approximately 3,700 individuals.