One Equity Partners to become majority shareholder in Comau

Stellantis has agreed to sell a majority stake in Comau to One Equity Partners. A binding agreement for the investment was signed in July and the deal is expected to be completed by the end of the year, subject to regulatory approval.

As reported by Reuters, the deal will give One Equity Partners a 50.1% stake in Comau, while Stellantis will retain 49.9%.

Following the acquisition, chairman Alessandro Nasi and CEO Pietro Gorlier will remain in their positions.

Carlos Tavares, CEO of Stellantis, said: “Over the last 50 years, Comau has become a recognised leader in automation solutions. The planned transaction aims to give the company more autonomy and further strengthen its success, supporting all stakeholders, especially employees and customers. For Stellantis, it is also an opportunity to focus more on its core business in Europe’.

Ante Kusurin, Partner at One Equity Partners, added: ‘Comau is a leading company in the industrial automation industry with advanced robotics technology and huge growth potential. We have extensive experience in complex spin-off transactions and are confident that we have the resources to help Comau succeed as an independent company.

Headquartered in Turin, Comau has an international network of seven innovation centres and 12 production plants in 12 countries, employing 3,700 people.