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In a landmark move set to turbocharge the world of industrial automation, One Equity Partners (OEP) has announced a majority investment in Comau S.p.A., a globally recognized leader in advanced robotics and automation solutions. In a strategic shift designed to fuel its growth engine, Comau S.p.A., the Italian powerhouse in industrial automation, is poised for a new era of expansion and innovation. One Equity Partners (OEP), a prominent private equity firm specializing in middle-market investments, has secured a majority stake in the company, while Stellantis N.V., one of the world's largest automotive and mobility providers, will retain an active minority share. This investment aligns with the broader strategic vision initiated during the formation of Stellantis in January 2021, which emerged from the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA. The financial terms of this private transaction remain under wraps, but the implications for the future of Comau are clear. Driving Autonomy and Innovation Carlos Tavares, CEO of Stellantis, highlighted the significance of this move, stating, "Comau has carved out a formidable reputation in automation solutions over the past five decades. This transaction is crafted to empower Comau to operate independently, enhancing its success trajectory for the benefit of employees and customers alike. Simultaneously, it allows Stellantis to concentrate on its core business operations in Europe." Ante Kusurin, Partner at One Equity Partners, echoed this sentiment, emphasizing OEP's strategic prowess, "Comau stands at the forefront of industrial automation with cutting-edge robotics technology and immense growth potential. Our expertise in executing intricate corporate carve-outs positions us to support Comau in becoming a successful standalone enterprise." A Legacy of Transformation Pietro Gorlier, CEO of Comau, underscored the company's enduring legacy of innovation, "With over 50 years of history, Comau has continually evolved its business, technology, and approach to innovation. This investment aligns perfectly with our strategic plan to diversify beyond the automotive sector, tapping into the burgeoning global demand for industrial automation. It solidifies our status as a leading international player, rooted in our Italian heritage." The executive leadership of Comau, including Executive Chairman Alessandro Nasi and CEO Pietro Gorlier, will remain at the helm, ensuring continuity as the company navigates this new chapter. Navigating New Horizons As an independent entity, Comau is now better positioned to scout and seize new opportunities and investments on a global scale. With a robust local presence across regions and an unwavering commitment to innovation, Comau is set to expand its footprint in the industrial automation landscape. The transaction is anticipated to close by the end of 2024, subject to regulatory approvals and customary closing conditions. Conclusion This strategic investment by One Equity Partners marks a significant milestone for Comau, setting the stage for accelerated growth and innovation in the industrial automation sector. With a solid foundation and a visionary roadmap, Comau is ready to drive forward into a future brimming with potential and possibilities.