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Comau’s robotic household, together with its just lately launched S-Household of small robotic arms. | Supply: Comau
Stellantis NV, one of many world’s largest automakers, and One Fairness Companions, a middle-market non-public fairness agency, right this moment mentioned they’ve signed a binding settlement through which One Fairness Companions will make a majority funding in Comau S.p.A. The businesses didn’t disclose the monetary phrases of the non-public transaction.
One Fairness Companions (OEP) mentioned it expects the transaction, which is topic to regulatory approvals and different customary closing situations, to shut by the top of 2024.
“Comau is a modern industrial automation firm with first-rate robotics expertise that has great development potential,” acknowledged Ante Kusurin, companion at One Fairness Companions. “Now we have deep experience in executing complicated company carve-out transactions, and we imagine we’ve got the sources to assist place Comau as a profitable standalone enterprise.”
Comau continues shift past automotive
Based in 1973, Comau makes a speciality of industrial automation and superior robotics. The Turin, Italy-based firm additionally provides collaborative robots, wearables, vision-based techniques, and software program.
At Automate this yr, Comau introduced new merchandise. They included its S-Household welding and supplies dealing with techniques, the MI.RA/OnePicker system, and the MATE-XB and MATE-XT exoskeletons.
The previous Stellantis subsidiary just lately mentioned it’s shifting from conventional robotics to software-driven techniques and industry-agnostic applied sciences.
“In its over 50 years of historical past, Comau has constantly demonstrated the power to rework its enterprise, expertise, and strategy to innovation,” mentioned Pietro Gorlier, CEO of Comau. “This operation is in keeping with Comau’s strategic plan, which goals to develop its enterprise past the automotive sector, focusing on the worldwide demand development for industrial automation.”
“This may even consolidate the corporate’s place as a robust worldwide chief in its sector, sustaining stable Italian roots,” he added.
Govt crew to remain in place
Comau’s spinoff from Stellantis was a part of the strategic settlement set in January 2021, when Peugeot SA and Fiat Chrysler Cars NV merged to type the automaker and mobility supplier. Govt Chairman Alessandro Nasi and CEO Pietro Gorlier will retain their obligations, as will Comau’s government crew.
“Comau has positioned itself as a acknowledged participant within the discipline of automation options over the previous 50 years,” mentioned Stellantis CEO Carlos Tavares. “This deliberate transaction is designed to assist Comau obtain autonomy and additional strengthen its success in help of all its stakeholders, particularly for his or her staff and prospects. It additionally offers Stellantis the power to concentrate on core enterprise actions in Europe.”
Comau mentioned it has an area presence in all areas and a worldwide community that’s strengthened by its enterprise and management continuity. As an autonomous firm, it asserted that it may possibly now independently establish and pursue new alternatives and investments.
Below the brand new possession, Comau mentioned it’s going to have entry to further funds to develop its competencies in diversified sectors.