The funding into Comau is meant to spice up Europe’s industrial competitiveness. | Supply: Comau
The European Funding Financial institution, or EIB, and Comau S.p.A. final week stated they’ve signed a finance contract value €50 million, or round $58.7 million U.S. The contract will help Comau’s analysis and improvement within the fields of robotics, superior automation, machine instruments improvement, and digitalization.
“Comau continuously invests within the improvement of modern competencies and applied sciences,” said Pietro Gorlier, CEO of Comau. “These are a key driver for the expansion of the European manufacturing system, enabling firms to compete globally in sectors of explicit significance to the current and way forward for business, corresponding to batteries, aerospace, building, logistics, and renewable power.”
“The help of the European Funding Financial institution offers us higher energy to pursue our sustainable improvement technique, geared toward designing and producing superior automation options that allow us to satisfy the challenges of a market marked by profound uncertainty and fast technological transformation,” he added.
Comau’s portfolio consists of methods for car manufacturing, shipbuilding, and different industries. The Turin, Italy-based firm additionally provides challenge administration and consultancy companies and has an internationally acknowledged coaching academy.
As well as, Comau has a global community of seven innovation facilities and 11 manufacturing vegetation throughout 11 international locations. It employs 3,800 folks and just lately launched its MyCo force- and power-limited robotic line.
Comau to create superior robotic geometries
The partnership will goal each automotive and stationary batteries, in addition to numerous industrial sectors, together with aerospace, building, and logistics. The investments will probably be concentrated primarily in Italy, significantly for Comau’s analysis and improvement amenities in Turin and Bari.
Comau stated the funding will allow it to create superior geometries that aren’t possible with conventional manufacturing strategies. These might allow firms to provide advanced and customised elements on demand by a extremely versatile and cost-effective system.
A key component of the investments is the growth of Comau’s purposes within the renewable power and hydrogen gasoline cell sectors. The EIB stated its funding can be supposed to help a pivot by the automotive sector towards automation for superior manufacturing and to batteries and battery recycling.
EIB invests in Italian innovation
InvestEU, the European Union’s funding program, is supporting the operation. The EIB Group stated it has already unlocked greater than €4 billion ($4.7 billion) in Italy by its TechEU program.
TechEU is spending €70 billion ($82.3 billion) to speed up innovation in Europe by fairness, quasi-equity, mortgage, and assure investments. Comau stated it goals to help the competitiveness of Europe’s worth chain in superior manufacturing applied sciences.
“Supporting Europe’s industrial innovation and transition to a extra digital, sustainable, and aggressive manufacturing mannequin is a precedence on the coronary heart of the InvestEU program, of which the EIB Group is the primary implementing associate,” stated Gelsomina Vigliotti, vice chairman on the EIB. “Investing in superior robotics, automation, and e-mobility will enhance Europe’s management in know-how, contribute to the creation of expert jobs, and help European firms within the main industrial transformations presently happening.”
Comau final month stated it’s contributing to the EU’s CONVERGING challenge, which goals to advance good and reconfigurable manufacturing methods to satisfy the challenges of contemporary manufacturing. The corporate plans to combine cobots, autonomous guided automobiles (AGVs), synthetic intelligence, and human operators.
