Stellantis N.V., one of the world’s largest automakers and mobility providers, and One Equity Partners (“OEP”), a middle market private equity firm, announced that OEP has signed a binding agreement to make a majority investment in Comau S.p.A. (“Comau”), a global technology company specialising in industrial automation and  advanced robotics. The spinoff of Comau is part of the strategic agreement set during the  merger between former FCA and Groupe PSA in January 2021 that formed Stellantis N.V.  Financial terms of the private transaction were not disclosed. 

“Comau has positioned itself as a recognized player in the field of automation solutions over  the past 50 years,” said Stellantis CEO Carlos Tavares. “This planned transaction is designed  to help Comau achieve autonomy and further strengthen its success in support of all its  stakeholders, specifically for their employees and customers. It also gives Stellantis the ability  to focus on core business activities in Europe.” 

“Comau is a leading-edge industrial automation company with first-rate robotics technology  that has tremendous growth potential,” said Ante Kusurin, Partner, One Equity Partners. “We  have deep expertise in executing complex corporate carve-out transactions, and we believe  we have the resources to help position Comau as a successful standalone business.” 

“In its over 50 years of history, Comau has consistently demonstrated the ability to transform  its business, technology and approach to innovation,” said Comau CEO Pietro Gorlier. “This  operation is consistent with Comau’s strategic plan, which aims to expand its business beyond  the automotive sector, targeting the global demand growth for industrial automation. This will  also consolidate the company’s position as a strong international leader in its sector,  maintaining solid Italian roots.” 

Comau has a local presence in all regions and a global network that is strengthened by its  business and leadership continuity. As an autonomous company, Comau can independently  identify and pursue new opportunities and investments. The transaction is expected to close by the end of 2024 and is subject to regulatory approvals  and other customary closing conditions.

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