Stellantis was created in January 2021 from the merger of the former FCA and Groupe PSA companies. As part of this merger, an agreement was concluded that provided for the spin-off of Comau, a specialist in industrial automation and robotics. OEP has now acquired a majority stake in Comau. Stellantis remains an active minority shareholder. The transaction is expected to be completed by the end of 2024 and is subject to regulatory approvals and other closing conditions. The parties have agreed not to disclose the financial terms of the transaction.

According to the announcement, the new ownership structure will provide Comau with access to additional funds as needed to "strengthen Italian roots, expand and further develop competencies in diversified sectors". The company's management, including Executive Chiarman Alessandro Nasi and CEO Pietro Gorlier, will remain unchanged following the completion of the transaction.

The companies involved in the transaction

Carlos Tavares, CEO of Stellantis: "Comau has positioned itself over the past 50 years as a recognized player in the field of automation solutions. This proposed transaction will allow Comau to become independent and strengthen its achievements for the benefit of all its stakeholders, in particular its customers and employees. It will also allow Stellantis to focus on its core business in Europe."

Ante Kusurin, Partner at One Equity Partners: "Comau is a leading industrial automation company with world-class robotics technology and tremendous growth potential. We have extensive experience in executing complex corporate carve-out transactions and are confident that we have the resources to position Comau as a successful stand-alone company."

Pietro Gorlier, CEO of Comau: "In its more than 50 years of history, Comau has consistently demonstrated its ability to transform - commercially, technologically and in its approach to innovation. The current transaction is in line with Comau's strategic plan to expand its business beyond the automotive sector in the face of increasing global demand for industrial automation. It also consolidates Comau's position as a strong and international leader in its sector, while maintaining its solid Italian roots."