•One Equity Partners will become a majority shareholder in Comau; The Stellantis Group will remain an influential minority shareholder in Comau
The divestment of the Comau business from the Stellantis Group is part of a strategic agreement signed when the Stellantis Group was established in January 2021
Under the new corporate ownership, Comau will receive appropriate additional funding to strengthen and expand its roots in Italy and increase its competitiveness in diversified business areas
• Comau’s management team, including the Executive Chairman and Chief Executive Officer, will remain unchanged
6KLP43007X9A1 Stellantis N.V. (” Stellantis Group “), One of the world’s largest automotive manufacturers and mobility service providers, and mid-market private Equity firm One Equity Partners (” OEP “) today announced: OEP has signed a binding agreement to invest in and acquire a majority stake in Comau S.p.A. (ComAU), a global technology company focused on industrial automation and advanced robotics. The divestment of Comau’s business from the Stellantis Group is part of the strategic agreement reached in January 2021 to merge FCA Group with PSA Group to form the Stellantis Group. Financial terms of the private transaction involving Comau were not disclosed.
Carlos Tavares, Group CEO of Stellantis, said: “Over the past 50 years, Comau has positioned itself as a recognized player in the field of automation solutions. The planned transaction is designed to enable Comoma to achieve autonomy and further strengthen its support for all stakeholders, in particular employees and customers, while allowing the Stellantis Group to focus on its core business in Europe.”
6KLP43007X9A1 Comau provides automated manufacturing systems for the Stellantis automotive plant
Comau develops and deployable flexible body-in-white manufacturing solutions for Alfa Romeo
Ante Kusurin, Partner at OEP, said: “Comau is a leading industrial automation company with best-in-class robotics with huge growth potential. We have deep expertise in executing complex corporate divestitures, and we believe we have the resources to help Comau become a successful independent business.”
Pietro Gorlier, CEO of Comau, said: “Throughout its history of more than 50 years, Comau has consistently demonstrated its ability to transform its business, its technology and its approach to innovation. This transaction is in line with Comau’s strategic plan to expand our business beyond the automotive sector to meet the growing global demand for industrial automation. It will also consolidate Comau’s strong international leadership in these areas and maintain its strong Italian roots.”