- Business
- Comer Industries S.p.A. (COM.MI) designs, manufactures and markets advanced engineering systems and mechatronic solutions for power transmission, serving major manufacturers of agricultural machinery, construction equipment, industrial vehicles, renewable energy applications and off-highway vehicles worldwide; core products include gearboxes, planetary drives, axles, PTO drive shafts, clutches, tractor attachment systems, hydrostatic traction drives, fan clutches, driveshafts, powertrain systems, electric motors, hydraulic motors, piston pumps, swing units, control valves and related services. The company operates through brands such as Comer Industries, e-comer, Walterscheid, Walterscheid Services, Mechanics drive shafts and Rockford Clutch, with production facilities across Italy, Germany, the United States, China, India, Brazil, Thailand and Japan; it targets OEMs in agriculture, construction, forestry, energy and electrification segments. Founded in 1970 and headquartered in Reggiolo, Reggio Emilia, Italy, Comer Industries employs around 4,000 people and generates over 90% of revenues outside Italy. In January 2023, the company acquires Benevelli Electric Powertrain Solutions and Sitem Motori Elettrici business units for an enterprise value of 54 million euros, merging them into e-comer S.r.l. to enter electric vehicle motors and transmissions; it completes the translisting from Euronext Growth Milan to Euronext Milan in July 2023 to enhance market visibility. In 2021, Comer Industries acquires Walterscheid Powertrain Group (WPG) from One Equity Partners for 203 million euros equity value, doubling revenues and adding propulsion expertise. In 2025, it announces the acquisition of a 70% stake in Nabtesco Corporation's Hydraulic Equipment Business for approximately 85 million euros, adding hydraulic pumps, valves and units to complete its mechanical-electric-hydraulic portfolio with pro-forma 2024 revenues of 1.215 billion euros.