Stellantis has completed the divestment of a majority interest in Comau to One Equity Partners, while retaining an active minority stake in the renowned Italian industrial automation firm. This significant transaction aligns with a strategic agreement established in January 2021, coinciding with the merger of the former Fiat Chrysler Automobiles and Groupe PSA, which culminated in the formation of Stellantis.
The primary objective of this divestment is to enable the European car manufacturer to concentrate its efforts on its fundamental business activities across the region, thereby enhancing its operational efficiency. In this new chapter, Comau emerges as an independent entity focused on industrial automation and advanced robotics.
The partnership with One Equity Partners not only provides Comau with essential capital to spur further growth but also allows the firm to enhance its presence in various sectors while expanding its operations in Italy. Comau's technology business is poised for growth, featuring a robust infrastructure that includes seven innovation centers and twelve manufacturing plants distributed across twelve countries. Pietro Gorlier, the Chief Executive Officer of Comau, expressed enthusiasm for the new partnership, stating, "The support of One Equity Partners will allow us to capitalize on the growing global demand for advanced automation, with Stellantis as an active minority shareholder.
This arrangement preserves our deep-rooted Italian identity while reaffirming Comau's position as a leading international player in the industrial automation industry, as well as an increasing number of different sectors." On the other hand, Stellantis Chairman John Elkann conveyed his confidence in Comau's potential under its new ownership, emphasizing, "I am confident that Comau, under its new ownership, has the right leadership, strategy and operational discipline to create sustainable, long-term value for all its stakeholders, from Italy to the world." This divestment marks a pivotal moment for both companies, setting the stage for sustained growth and innovation in the industrial automation field..