M&A Deal Summary

One Equity Partners and Stellantis Acquire Comau

On July 25, 2024, private equity firm One Equity Partners and Stellantis acquired automotive company Comau from Stellantis

Acquisition Highlights
  • This is One Equity Partners’ 4th and Stellantis’ 4th transaction in the Automotive sector.
  • This is One Equity Partners’ 9th and Stellantis’ 2nd transaction in Italy.

M&A Deal Summary

Date 2024-07-25
Target Comau
Sector Automotive
Buyer(s) One Equity Partners
Stellantis
Sellers(s) Stellantis
Deal Type Divestiture

Target

Comau

Grugliasco, Italy
Comau delivers sustainable advanced automation solutions to companies of all sizes in almost any industry leveraging automation's benefits. Backed by a continuous commitment to designing and developing innovative and easy-to-use technologies, its portfolio includes products and systems for vehicle manufacturing, with a strong presence in e-mobility and advanced robotics and digital solutions to address rapidly growing markets in industrial sectors. The company’s offering also extends to project management and consultancy. Comau is based in Grugliasco, Italy.

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Buyer(S) 2

Buyer

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $150 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York, New York.


DEAL STATS #
Overall 130 of 139
Sector: Automotive M&A 4 of 4
Type: Divestiture M&A Deals 29 of 31
Country: Italy M&A 9 of 10
Year: 2024 M&A 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-20 Gruppo B&T

Formigine, Italy

Gruppo B&T is a manufacturer of turnkey plants and machinery, and provider of related aftermarket products and services to international manufacturers of ceramic tile, mineral stone, and quartz slabs used in construction and building applications. The Company also offers after-sales products and services (maintenance, spare parts, and upgrades). Gruppo Siti B&T serves a diversified clientele of 2,500+ global manufacturers of ceramic, quartz, and other surfaces through its five world-recognized brands: Siti, Ancora, Projecta, Digital Design, Diatex and Mec Abrasives. Gruppo B&T was formed in 1961 and is headquartered in Formigine, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-07 ORS Nasco

Tulsa, Oklahoma, United States

ORS Nasco is a wholesale distributor of industrial supplies in North America. The company offers a comprehensive product portfolio of premium branded and private label products from hundreds of manufacturers for use in the industrial, welding, oilfield, safety, electrical, construction, HVAC, MRO, plumbing, janitorial, and rental markets. ORS Nasco was founded in 1959 and is based in Tulsa, Oklahoma.

Sell -
Buyer

Stellantis

Hoofddorp, Netherlands

Category Company
Founded 1899
Sector Automotive
Employees248,243
Revenue 156.9B EUR (2024)
DESCRIPTION

Stellantis is a global automobile manufacturing company. Stellantis' storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis was founded in 1899 and is based in Hoofddorp, Netherlands.


DEAL STATS #
Overall 5 of 5
Sector: Automotive M&A 4 of 4
Type: Divestiture M&A Deals 1 of 1
Country: Italy M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-17 AIMotive

Budapest, Hungary

AIMotive is a provider of Artificial Intelligence (AI) powered self-driving technology. AIMotive designing AI software, which powers self-driving vehicles, resulting in better safety, improved comfort and increased productivity. AIMotive was founded in 2015 and is based in Budapest, Hungary.

Buy -

Seller(S) 1

SELLER

Stellantis

Hoofddorp, Netherlands

Category Company
Founded 1899
Sector Automotive
Employees248,243
Revenue 156.9B EUR (2024)
DESCRIPTION

Stellantis is a global automobile manufacturing company. Stellantis' storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis was founded in 1899 and is based in Hoofddorp, Netherlands.


DEAL STATS #
Overall 6 of 6
Sector: Automotive M&A 4 of 4
Type: Divestiture M&A Deals 4 of 4
Country: Italy M&A 3 of 3
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-17 AIMotive

Budapest, Hungary

AIMotive is a provider of Artificial Intelligence (AI) powered self-driving technology. AIMotive designing AI software, which powers self-driving vehicles, resulting in better safety, improved comfort and increased productivity. AIMotive was founded in 2015 and is based in Budapest, Hungary.

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