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