At least one Chinese robotics firm is interested in purchasing Fiat Chrysler’s Comau robotics divison, a deal that could be worth as much as $4 billion, Reuters reports.
Chinese company Sinomach and the Shanghai Institute of Mechanical and Electrical Engineering (Simee) are believed to have approached FCA about acquiring Comau, a Turin-based company that specializes in industrial welding robots.
Reuters says FCA is currently attempting to orchestrate a sale of its Magneti Marelli parts supply divison to South Korea’s Samsun Electronics and is putting the sale of Comau on the backburner for now. The automaker declined to comment on the rumored deal.
Eager to pay off its significant debt, FCA is happy to sell off Magneti Marelli, which could be worth as much as $4 billion. Selling off Comau is a more complicated matter as the company provides welding robots for FCA’s own production operations. For this reason FCA is reportedly seeking a partnership with the potential Chinese investors rather than a full sale, but sources say the investors want the whole operation.
FCA has been in talks with Samsung since the summer and is far from reaching a deal, sources say. Talks to sell off Comau could be even more turbulent, so an acquisition may still be far out.