Stellantis successfully completed the Comau transaction through Investing.com

Stellantis successfully completes Comau Transaction (YOU:)

• One Equity Partners (OEP) becomes the majority shareholder of Comau; Stellantis will remain an active minority shareholder
• The transaction supports Comau’s long-term stability and positions it for future growth

AMSTERDAM, December 30, 2024 “ Stellantis NV (NYSE: ) announced today that One Equity Partners (OEP), a middle market private equity firm, has completed its majority investment in Comau SpA (Comau), a global technology company specializing in industrial automation and advanced robotics. This strategic move marks a significant milestone for Comau, positioning the company for enhanced growth and innovation. It also allows Stellantis to focus on core business activities in Europe.

I want to express my gratitude to Comau employees for providing innovative products and services to all their customers, said Stellantis President John Elkann. I am confident that Comau, under new ownership, has the right leadership, strategy and operational discipline to create sustainable, long-term value for all its stakeholders, from Italy to the world.

Comau has consistently renewed its innovation and business strategies by developing new technological solutions to respond to evolving market dynamics with its more than 50 years of experience in international markets, noted Comau CEO Pietro Gorlier. The finalization of this transaction represents another fundamental milestone in Comau’s growth path. One Equity Partners’ support will enable us to capitalize on the growing global demand for advanced automation, with Stellantis as an active minority shareholder. This deal preserves our deep-rooted Italian identity while reaffirming Comau’s position as a leading international player in the industrial automation industry, as well as a growing number of different sectors.

Comau is a leading industrial automation company with significant growth potential and cutting-edge robotics technology, said Ante Kusurin, Partner, One Equity Partners. OEP is well positioned to help drive the next phase of Comau’s growth as an independent company leveraging our industry expertise and established operating playbook for spin-off transactions.

Comau has a local presence in all regions and a global network that is strengthened by its business and leadership continuity. As an independent company, Comau will have access to additional funds to develop its competences in diverse sectors.

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About Stellantis

Stellantis NV (NYSE: STLA / Euronext (EPA:) Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading car manufacturers that wants to provide everyone with clean, safe and affordable freedom of mobility. It is best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo, Chrysler, Citroen, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot (OTC:), Ram, Vauxhall, Free2move and Leasys. Stellantis is implementing its Dare Forward 2030, a bold strategic plan that paves the way to achieving the ambitious goal of becoming a technology company with zero carbon dioxide mobility by 2038, with a single-digit percentage offset of remaining emissions, while creating added value for all stakeholders. For more information, visit www.stellantis.com.

Stellantis forward-looking statements

This communication contains forward-looking statements. In particular, statements about future events and expected business results, business strategies, expected benefits of the proposed transaction, future financial and operating results, anticipated closing date of the proposed transaction and other expected aspects of our business or business results are forwarded – statements that appear. These statements may include terms such as may, will, expect, could, should, intend, estimate, anticipate, believe, remain, on track, design, aim, aim, goal, forecast, projection, outlook, prospects , plan or similar conditions. Forward-looking statements are not guarantees of future performance. Instead, they are based on Stellantis’ current state of knowledge, future expectations and projections about future events and are by their nature subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, should not be unduly relied upon.

Actual results may differ materially from those expressed in forward-looking statements as a result of a number of factors, including: Stellantis’ ability to successfully launch new products and maintain vehicle volumes delivered; changes in global financial markets, the general economic environment and changes in demand for automotive products, which is subject to cyclicality; Stellantis’ ability to successfully manage the industry-wide transition from internal combustion engines to full electrification; Stellantis’ ability to offer innovative, attractive products and to develop, manufacture and sell vehicles with advanced features including enhanced electrification, connectivity and autonomous driving features; Stellantis’ ability to manufacture or procure electric batteries with competitive performance, price and required quantities; Stellantis’ ability to successfully launch new businesses and integrate acquisitions; a significant malfunction, interruption or security breach that compromises information technology systems or electronic control systems contained in Stellantis’ vehicles; exchange rate fluctuations, interest rate changes, credit risk and other market risks; cost increases, supply interruptions or shortages of raw materials, parts, components and systems used in Stellantis’ vehicles; changes in local economic and political conditions; changes in trade policy, the imposition of global and regional tariffs or tariffs targeting the automotive industry, the enactment of tax reforms or other changes in tax laws and regulations; the level of government economic incentives available to support the adoption of battery electric vehicles; the impact of increasingly strict regulations related to requirements for efficient fuel and reduced emissions of greenhouse gases and tailpipes; various types of claims, lawsuits, government investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating costs in relation to compliance with environmental, health and safety regulations; the level of competition in the automotive industry, which could increase due to consolidation and new entrants; Stellantis’ ability to attract and retain experienced management and employees; exposure to underfunding of Stellantis’ defined benefit pension plans; Stellantis’ ability to secure or arrange access to adequate financing for merchants and retail customers and the related risks associated with the operations of financial services companies; Stellantis’ ability to access financing to execute its business plan; Stellantis’ ability to realize the anticipated benefits of the joint venture arrangement; disruptions resulting from political, social and economic instability; risks associated with Stellantis’ relationships with employees, merchants and suppliers; Stellantis’ ability to maintain effective internal controls over financial reporting; developments in labor and industrial relations and developments in applicable labor laws; earthquakes or other disasters; risks and other items described in Stellantis’ annual report on Form 20-F for the year ended December 31, 2023 and current reports on Form 6-K and amendments thereto filed with the SEC; and other risks and uncertainties.

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• EN-20241230-Stellantis-Completes-Transaction-Comau

Source: STELLANTIS NV