One Equity Partners Invests in Comau to Foster Greater Growth in the Italian Industrial Automation Leader

Transaction Overview - One Equity Partners (OEP) has signed a binding agreement to make a majority investment in Comau S p A, a global technology company specializing in industrial automation and advanced robotics [1] - The spinoff of Comau is part of the strategic agreement set during the merger between former FCA and Groupe PSA in January 2021 that formed Stellantis N V [1][3] - Financial terms of the private transaction were not disclosed [1] Leadership and Management - Executive Chairman Alessandro Nasi and CEO Pietro Gorlier will retain their responsibilities, as will the Executive Team [2][3] Ownership Structure - OEP will become the majority shareholder of Comau, while Stellantis will remain an active minority shareholder [3] Strategic Goals and Growth - Comau will have access to additional funds to enhance and expand its Italian roots and grow its competencies in diversified sectors [3] - Comau aims to expand its business beyond the automotive sector, targeting global demand growth for industrial automation [14] - The company plans to consolidate its position as a strong international leader in its sector while maintaining solid Italian roots [14] Company Background - Comau is a worldwide leader in delivering sustainable advanced automation solutions with 50 years of experience and a global presence [6] - The company has an international network of 7 innovation centers and 12 manufacturing plants across 12 countries, employing 3,700 people [6] - Comau's portfolio includes products and systems for vehicle manufacturing, e-Mobility, advanced robotics, and digital solutions [6] Industry Context - Stellantis N V is one of the world's leading automakers, aiming to provide clean, safe, and affordable mobility solutions [7] - Stellantis is executing its Dare Forward 2030 strategic plan to achieve carbon net zero mobility by 2038 [7] Transaction Timeline - The transaction is expected to close by the end of 2024, subject to regulatory approvals and customary closing conditions [15]