Robot maker Comau spins out from Stellantis to private equity firm

Stellantis NV, among the globe’s biggest car manufacturers, and One Equity Companions, a middle-market personal equity company, today stated they have actually authorized a binding contract in which One Equity Companions will certainly make a bulk financial investment in Comau S.p.A. The firms did not divulge the monetary regards to the personal purchase.

One Equity Allies (OEP) stated it anticipates the purchase, which goes through regulative authorizations and various other popular closing problems, to nearby completion of 2024.

” Comau is a groundbreaking commercial automation firm with top-notch robotics innovation that has remarkable development possibility,” mentioned Stake Kusurin, companion at One Equity Companions. “We have deep competence in performing intricate company carve-out deals, and our team believe we have the sources to assist place Comau as an effective standalone service.”

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Comau proceeds change past automobile

Established In 1973, Comau focuses on commercial automation and progressed robotics. The Turin, Italy-based firm additionally provides joint robotics, wearables, vision-based systems, and software program.

At Automate this year, Comau introduced brand-new items. They included its S-Family welding and products dealing with systems, the MI.RA/ OnePicker system, and the MATE-XB and MATE-XT exoskeletons.

The previous Stellantis subsidiary lately stated it is changing from conventional robotics to software-driven systems and industry-agnostic innovations.

” In its over half a century of background, Comau has actually constantly shown the capacity to change its service, innovation, and method to technology,” stated Pietro Gorlier, Chief Executive Officer of Comau. “This procedure follows Comau’s tactical strategy, which intends to increase its service past the automobile industry, targeting the worldwide need development for commercial automation.”

” This will certainly additionally settle the firm’s setting as a solid global leader in its industry, preserving strong Italian origins,” he included.

Exec group to remain in location

Comau’s offshoot from Stellantis became part of the tactical contract embeded in January 2021, when Peugeot SA and Fiat Chrysler Autos NV combined to develop the car manufacturer and wheelchair carrier. Exec Chairman Alessandro Nasi and chief executive officer Pietro Gorlier will certainly preserve their obligations, as will certainly Comau’s exec group.

” Comau has actually placed itself as an acknowledged gamer in the area of automation remedies over the previous half a century,” stated Stellantis chief executive officer Carlos Tavares. “This scheduled purchase is created to assist Comau attain freedom and more reinforce its success on behalf of all its stakeholders, especially for their workers and clients. It additionally offers Stellantis the capacity to concentrate on core service tasks in Europe.”

Comau stated it has a neighborhood visibility in all areas and an international network that is enhanced by its service and management connection. As an independent firm, it insisted that it can currently individually recognize and seek brand-new chances and financial investments.

Under the brand-new possession, Comau stated it will certainly have accessibility to added funds to expand its proficiencies in varied industries.