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 recognised 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,” said Stellantis CEO Carlos Tavares.

“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,” said Ante Kusurin, Partner, One Equity Partners.

Headquartered in Turin, Italy, Comau has an international network of 7 innovation centres and 12 manufacturing plants that span 12 countries and employ 3 700 people. Executive Chairman Alessandro Nasi and CEO Pietro Gorlier will retain their responsibilities, as will the Executive Team.