The European Funding Financial institution, or EIB, and Comau S.p.A. final week mentioned they’ve signed a finance contract value €50 million, or round $58.7 million U.S. The contract will assist Comau’s analysis and improvement within the fields of robotics, superior automation, machine instruments improvement, and digitalization.
“Comau always invests within the improvement of progressive competencies and applied sciences,” acknowledged Pietro Gorlier, CEO of Comau. “These are a key driver for the expansion of the European manufacturing system, enabling corporations to compete globally in sectors of specific significance to the current and way forward for business, similar to batteries, aerospace, building, logistics, and renewable power.”
“The assist of the European Funding Financial institution offers us larger energy to pursue our sustainable improvement technique, aimed toward designing and producing superior automation options that allow us to fulfill the challenges of a market marked by profound uncertainty and speedy technological transformation,” he added.
Comau’s portfolio contains methods for car manufacturing, shipbuilding, and different industries. The Turin, Italy-based firm additionally gives venture administration and consultancy providers and has an internationally acknowledged coaching academy.
As well as, Comau has a global community of seven innovation facilities and 11 manufacturing crops throughout 11 nations. It employs 3,800 individuals and 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 varied industrial sectors, together with aerospace, building, and logistics. The investments can be concentrated primarily in Italy, notably for Comau’s analysis and improvement amenities in Turin and Bari.
Comau mentioned the funding will allow it to create superior geometries that aren’t possible with conventional manufacturing strategies. These might allow corporations to provide advanced and customised elements on demand by means of a extremely versatile and cost-effective system.
A key aspect of the investments is the enlargement of Comau’s functions within the renewable power and hydrogen gasoline cell sectors. The EIB mentioned its funding can be supposed to assist 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 mentioned it has already unlocked greater than €4 billion ($4.7 billion) in Italy by means of its TechEU program.
TechEU is spending €70 billion ($82.3 billion) to speed up innovation in Europe by means of fairness, quasi-equity, mortgage, and assure investments. Comau mentioned it goals to assist 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 companion,” mentioned Gelsomina Vigliotti, vp on the EIB. “Investing in superior robotics, automation, and e-mobility will increase Europe’s management in expertise, contribute to the creation of expert jobs, and assist European corporations within the main industrial transformations at the moment happening.”
Comau final month mentioned it’s contributing to the EU’s CONVERGING venture, which goals to advance good and reconfigurable manufacturing methods to fulfill the challenges of recent manufacturing. The corporate plans to combine cobots, autonomous guided autos (AGVs), synthetic intelligence, and human operators.
