AMSTERDAM, July 25, 2024 – In a significant move set to reshape the industrial automation landscape, Stellantis N.V., a leading global automaker and mobility provider, has announced that One Equity Partners (OEP) will become the majority shareholder of Comau S.p.A. This strategic decision follows the agreement established during the merger of FCA and Groupe PSA, which formed Stellantis N.V. in January 2021. Although the financial terms of the transaction remain undisclosed, the implications for Comau’s future are profound.
Comau, with a rich history spanning over 50 years in the field of automation and robotics, stands at the cusp of a transformative journey. Stellantis CEO Carlos Tavares emphasized the significance of this transition: “Comau has positioned itself as a recognized player in the field of automation solutions over the past 50 years. 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.”
Under the new ownership structure, Comau is poised to access additional funds, which will not only enhance its Italian roots but also enable it to diversify and expand its competencies across various sectors. One Equity Partners, known for its expertise in executing complex corporate carve-outs, is confident in Comau’s potential. Ante Kusurin, Partner at OEP, stated, “Comau is a leading-edge industrial automation company with first-rate robotics technology that has tremendous growth potential. We believe we have the resources to help position Comau as a successful standalone business.”
The leadership continuity at Comau, with Executive Chairman Alessandro Nasi and CEO Pietro Gorlier at the helm, ensures stability and a clear strategic direction. Gorlier highlighted the alignment of this operation with Comau’s strategic plan: “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.”
With a robust local presence in all regions and a global network, Comau is well-positioned to identify and seize new opportunities. The anticipated closure of the transaction by the end of 2024, subject to regulatory approvals and customary closing conditions, marks the beginning of a new era for Comau. As an autonomous entity, Comau can independently pursue investments and innovations, solidifying its status as a global leader in industrial automation and robotics.
This strategic spin-off not only empowers Comau to innovate and grow but also allows Stellantis to concentrate on its core operations in Europe, reflecting a thoughtful and forward-looking approach by both entities. The future of Comau, under the majority ownership of One Equity Partners, promises to be dynamic and filled with potential, heralding a new chapter in the evolution of industrial automation.
