A medium-sized private equity firm, One Equity Partners, has reached an agreement with Stellantis to acquire part of Comau, the fifty-year-old automation and robotics company that is part of the group.
With this agreement, One Equity Partners will make an investment in the Italian company and become the majority shareholder of Comau, according to a statement released by Stellantis, although the financial terms of the agreement have not been disclosed.
This way, Comau will have access to additional funds, as appropriate, to improve and expand its Italian roots and increase its capabilities in a diversified sector.
“This planned transaction is designed to help Comau achieve autonomy and further strengthen its success in support of all its stakeholders, specifically its employees and customers. It also gives Stellantis the ability to focus on core business activities in Europe,” said Stellantis CEO Carlos Tavares.
