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One Equity Partners Completes Investment in Comau, an Italian Industrial Automation Leader

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One Equity Partners (OEP) has completed a majority investment in Comau, an Italian industrial automation and robotics company, with Stellantis (STLA) remaining as an active minority shareholder. The transaction positions Comau for its next growth phase, providing access to additional capital to expand its competencies across diversified sectors while maintaining its Italian heritage.

Comau's current leadership, including Executive Chairman Alessandro Nasi and CEO Pietro Gorlier, will continue leading the company. The Turin-based company operates globally with 7 innovation centers and 12 manufacturing plants across 12 countries, employing 3,700 people.

One Equity Partners (OEP) ha completato un investimento di maggioranza in Comau, un'azienda italiana di automazione industriale e robotica, mentre Stellantis (STLA) rimane come azionista minoritario attivo. Questa operazione posiziona Comau per la sua prossima fase di crescita, fornendo accesso a capitale aggiuntivo per espandere le sue competenze in settori diversificati, mantenendo al contempo la sua eredità italiana.

La guida attuale di Comau, inclusi il Presidente Esecutivo Alessandro Nasi e il CEO Pietro Gorlier, continuerà a dirigere l'azienda. L'azienda con sede a Torino opera a livello globale con 7 centri di innovazione e 12 stabilimenti produttivi in 12 paesi, impiegando 3.700 persone.

One Equity Partners (OEP) ha concretado una inversión mayoritaria en Comau, una empresa italiana de automatización industrial y robótica, mientras Stellantis (STLA) permanece como un accionista minoritario activo. La transacción posiciona a Comau para su próxima fase de crecimiento, proporcionando acceso a capital adicional para expandir sus competencias en diferentes sectores, manteniendo al mismo tiempo su herencia italiana.

El actual liderazgo de Comau, incluidos el Presidente Ejecutivo Alessandro Nasi y el CEO Pietro Gorlier, continuará dirigiendo la empresa. La compañía con sede en Turín opera a nivel global con 7 centros de innovación y 12 plantas de fabricación en 12 países, empleando a 3.700 personas.

원 이퀴티 파트너스(One Equity Partners, OEP)코마우(Comau)에 대한 다수 투자에 성공했습니다. 코마우는 이탈리아의 산업 자동화 및 로봇 회사이며, 스텔란티스(Stellantis, STLA)는 여전히 능동적인 소수 주주로 남아 있습니다. 이 거래는 코마우가 다음 성장 단계로 나아갈 수 있도록 자본을 추가해 주어 다양한 분야에서 역량을 확장할 수 있는 기회를 제공합니다. 또한 이탈리아의 유산을 유지할 수 있도록 돕습니다.

코마우의 현재 리더십, 즉 알레산드로 나시(Alessandro Nasi) 이사회 의장과 피에트로 고를리에르(Pietro Gorlier) CEO는 회사를 계속 이끌어갈 것입니다. 토리노에 본사를 둔 이 회사는 전 세계적으로 7개의 혁신 센터와 12개의 제조 공장을 운영하며 12개국에 걸쳐 3,700명의 직원을 고용하고 있습니다.

One Equity Partners (OEP) a effectué un investissement majoritaire dans Comau, une entreprise italienne d'automatisation industrielle et de robotique, avec Stellantis (STLA) conservant son rôle d'actionnaire minoritaire actif. Cette opération permet à Comau de se préparer à sa prochaine phase de croissance, en lui offrant un accès à des capitaux supplémentaires pour élargir ses compétences dans divers secteurs tout en préservant son héritage italien.

La direction actuelle de Comau, y compris le Président Exécutif Alessandro Nasi et le PDG Pietro Gorlier, continuera à diriger l'entreprise. La société basée à Turin opère à l'échelle mondiale avec 7 centres d'innovation et 12 usines de fabrication dans 12 pays, employant 3 700 personnes.

One Equity Partners (OEP) hat eine Mehrheitsbeteiligung an Comau, einem italienischen Unternehmen für industrielle Automatisierung und Robotik, abgeschlossen, während Stellantis (STLA) weiterhin als aktiver Minderheitsaktionär fungiert. Die Transaktion positioniert Comau für die nächste Wachstumsphase und bietet Zugang zu zusätzlichem Kapital, um seine Kompetenzen in verschiedenen Sektoren zu erweitern, während das italienische Erbe beibehalten wird.

Die aktuelle Führung von Comau, darunter der Executive Chairman Alessandro Nasi und CEO Pietro Gorlier, wird das Unternehmen weiterhin leiten. Das in Turin ansässige Unternehmen ist weltweit tätig und betreibt 7 Innovationszentren und 12 Produktionsstätten in 12 Ländern und beschäftigt 3.700 Mitarbeiter.

Positive
  • OEP's investment provides additional capital for growth and expansion
  • Retention of existing management team ensures operational continuity
  • Maintains strategic relationship with Stellantis as minority shareholder
  • Strong global presence with 7 innovation centers and 12 manufacturing facilities
Negative
  • None.

Insights

<p>This transaction represents a <b>significant strategic shift</b> for Stellantis, divesting majority control of Comau to One Equity Partners while maintaining a minority stake. The deal structure demonstrates sophisticated financial engineering - it allows Stellantis to <b>monetize its automation assets</b> while retaining upside exposure through minority ownership.</p><p>OEP's expertise in carve-out transactions and middle-market operations positions them well to accelerate Comau's growth. Their playbook typically involves providing growth capital, operational improvements and strategic acquisitions. With <b>3,700 employees</b> across <b>12 countries</b>, Comau's global footprint offers significant optimization potential. The industrial automation sector's projected CAGR of 9.8% through 2030 provides a favorable market backdrop for value creation.</p>

<p>The timing of this acquisition aligns perfectly with the <b>surging demand for industrial automation solutions</b>, particularly in emerging sectors beyond automotive. Comau's established presence in robotics and automation, combined with OEP's capital injection, creates a powerful platform for expansion into high-growth verticals like electronics, consumer goods and renewable energy manufacturing.</p><p>The retention of key management, including CEO Pietro Gorlier and Executive Chairman Alessandro Nasi, ensures operational continuity while preserving valuable industry relationships and technical expertise. This stability, coupled with <b>7 innovation centers</b> and <b>12 manufacturing plants</b>, positions Comau to capitalize on the increasing adoption of Industry 4.0 technologies and the trend toward manufacturing reshoring.</p>
  • One Equity Partners (OEP) completes investment in Comau to support the company’s next phase of growth
  • Under OEP’s ownership, Comau will have access to additional capital to grow its competencies in diversified sectors and to enhance and expand its Italian roots
  • Following the transaction, OEP became the majority shareholder in Comau; Stellantis remains an active minority shareholder

NEW YORK & TURIN, Italy--(BUSINESS WIRE)-- One Equity Partners (“OEP”), a middle market private equity firm, today announced that it has completed a majority investment in Comau S.p.A. (“Comau”), making Stellantis an active minority shareholder. Comau is a global technology company specializing in industrial automation and advanced robotics.

As previously communicated, Comau's Executive Chairman Alessandro Nasi, and Chief Executive Officer Pietro Gorlier will continue leading the company and its future growth. The executive management team will also retain their current positions.

"Comau is a leading industrial automation company with significant growth potential and first-rate robotics technology,” said Ante Kusurin, Partner, One Equity Partners. “OEP is well-positioned to help drive Comau’s next phase of growth as an independent company utilizing our industry expertise and established operational playbook for carve-out transactions.”

“Comau has consistently renewed its innovation and business strategies developing new technology solutions to respond to evolving market dynamics along its 50+ years of experience in international markets,” remarked Comau CEO Pietro Gorlier. “The finalization of this transaction represents another fundamental milestone in Comau’s growth path. 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.”

“I want to express my gratitude to Comau’s employees for providing innovative products and services to all its customers,” said Stellantis Chairman John Elkann. “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.”

Headquartered in Turin, Italy, Comau has an international network of 7 innovation centers and 12 manufacturing plants that span 12 countries and employ 3,700 people.

About One Equity Partners

One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 400 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.

About Comau

Comau is a worldwide leader in delivering sustainable advanced automation solutions. With 50 years of experience and a global presence, Comau is helping companies of all sizes in almost any industry leverage the benefits of automation. Backed by a continuous commitment to designing and developing innovative and easy to use technologies, its portfolio includes products and systems for vehicle manufacturing, with a strong presence in e-Mobility, as well as advanced robotics and digital solutions to address rapidly growing markets in industrial sectors. The company’s offering also extends to project management and consultancy. Through the training activities organized by its Academy, Comau is committed to advancing the technical and managerial knowledge necessary to face the challenges related to automation and leverage the opportunities of a constantly changing marketplace. Headquartered in Turin, Italy, Comau has an international network of 7 innovation centers and 12 manufacturing plants that span 12 countries and employ 3,700 people. Together with its wide network of distributors and partners, the company is able to respond quickly to the needs of its customers, no matter where they are located throughout the world. www.comau.com

About Stellantis

Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. It’s best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, with single-digit percentage compensation of the remaining emissions, while creating added value for all stakeholders. For more information, visit www.stellantis.com.

Stellantis Forward Looking Statements

This communication contains forward-looking statements. In particular, statements regarding future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, future financial and operating results, the anticipated closing date for the proposed transaction and other anticipated aspects of our operations or operating results are forward-looking statements. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on Stellantis’ current state of knowledge, future expectations and projections about future events and are by their nature, subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them.

Actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors, including: the ability of Stellantis to launch new products successfully and to maintain vehicle shipment volumes; changes in the global financial markets, general economic environment and changes in demand for automotive products, which is subject to cyclicality; Stellantis’ ability to successfully manage the industry-wide transition from internal combustion engines to full electrification; Stellantis’ ability to offer innovative, attractive products and to develop, manufacture and sell vehicles with advanced features including enhanced electrification, connectivity and autonomous-driving characteristics; Stellantis’ ability to produce or procure electric batteries with competitive performance, cost and at required volumes; Stellantis’ ability to successfully launch new businesses and integrate acquisitions; a significant malfunction, disruption or security breach compromising information technology systems or the electronic control systems contained in Stellantis’ vehicles; exchange rate fluctuations, interest rate changes, credit risk and other market risks; increases in costs, disruptions of supply or shortages of raw materials, parts, components and systems used in Stellantis’ vehicles; changes in local economic and political conditions; changes in trade policy, the imposition of global and regional tariffs or tariffs targeted to the automotive industry, the enactment of tax reforms or other changes in tax laws and regulations; the level of governmental economic incentives available to support the adoption of battery electric vehicles; the impact of increasingly stringent regulations regarding fuel efficiency requirements and reduced greenhouse gas and tailpipe emissions; various types of claims, lawsuits, governmental investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating expenditures in relation to compliance with environmental, health and safety regulations; the level of competition in the automotive industry, which may increase due to consolidation and new entrants; Stellantis’ ability to attract and retain experienced management and employees; exposure to shortfalls in the funding of Stellantis’ defined benefit pension plans; Stellantis’ ability to provide or arrange for access to adequate financing for dealers and retail customers and associated risks related to the operations of financial services companies; Stellantis’ ability to access funding to execute its business plan; Stellantis’ ability to realize anticipated benefits from joint venture arrangements; disruptions arising from political, social and economic instability; risks associated with Stellantis’ relationships with employees, dealers and suppliers; Stellantis’ ability to maintain effective internal controls over financial reporting; developments in labor and industrial relations and developments in applicable labor laws; earthquakes or other disasters; risks and other items described in Stellantis’ Annual Report on Form 20-F for the year ended December 31, 2023 and Current Reports on Form 6-K and amendments thereto filed with the SEC; and other risks and uncertainties.

Any forward-looking statements contained in this communication speak only as of the date of this document and Stellantis disclaims any obligation to update or revise publicly forward-looking statements. Further information concerning Stellantis and its businesses, including factors that could materially affect Stellantis’ financial results, is included in Stellantis’ reports and filings with the U.S. Securities and Exchange Commission and AFM.

One Equity Partners

Thomas Zadvydas

Stanton

646-502-3538

TZadvydas@StantonPRM.com

Comau

Giuseppe Costabile

Corporate Communication

giuseppe.costabile@comau.com

+39 338 7130885

Stellantis

Fernão Silveira

Global Communications

fernao.silveira@stellantis.com

+31 6 43 25 43 41

Claudio D’Amico

Italy Communications

claudio.damico@stellantis.com

+39 334 7107828

Source: One Equity Partners

FAQ

What is the impact of OEP's investment in Comau on Stellantis (STLA)?

Stellantis (STLA) transitions from full ownership to become an active minority shareholder in Comau, while maintaining a strategic relationship with the company.

How many facilities and employees does Comau have after the OEP investment?

Comau operates 7 innovation centers and 12 manufacturing plants across 12 countries, employing 3,700 people globally.

Who will lead Comau following the OEP investment?

Executive Chairman Alessandro Nasi and CEO Pietro Gorlier will continue leading Comau, with the existing executive management team remaining in their current positions.

What are the strategic benefits of OEP's investment in Comau?

The investment provides Comau with additional capital to grow its competencies in diversified sectors, enhance its Italian roots, and capitalize on growing global demand for advanced automation.

Stellantis N.V.

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