One Equity Partners, a mid-market private equity firm, has signed a binding agreement to make a majority investment in Comau, a global technology company specializing in industrial automation and advanced robotics.
The Comau spin-off is part of a strategic agreement signed when the former FCA and Groupe PSA merged in January 2021 to form Stellantis.
Financial terms of the private transaction were not disclosed.
“Over the past 50 years, Comau has established itself as a recognized name in the field of automation solutions,” said Carlos Tavares, CEO of Stellantis.
“The planned transaction aims to make Comau self-reliant and further strengthen its success by supporting all stakeholders, especially employees and customers, while allowing Stellantis to focus on its core business activities in Europe.”
Ante Kusurin, Partner at One Equity Partners, said: “Comau is a cutting-edge industrial automation company with leading robotics technology and significant growth potential.
“We have deep expertise in executing complex corporate carve-out transactions and are confident that we have the resources to position Comau as a successful, independent company.”
Pietro Gollier, Comau CEO, said: “Throughout our more than 50-year history, Comau has consistently demonstrated its ability to transform its approach to business, technology and innovation.
“This business is in line with Comau’s strategic plan to expand beyond the automotive sector, targeting the growing global demand for industrial automation.
“This will strengthen the company’s position as a strong international leader in its sector, whilst maintaining its strong Italian roots.”
Chairman of the Board of Directors Alessandro Nasi and CEO Pietro Gorlier will continue in their roles, as will the management team.
Comau has a local presence in all regions and a global network strengthened by continuity of operations and leadership. As an independent company, Comau is able to 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.
