Stellantis Sells Italian VM Motori Engine Plant to Marval Group of Investors

Stellantis has agreed to sell its Italian VM Motori engine making unit to a group of Italian investors who also control engine part maker Marval. The transaction is part of Stellantis' effort to reorganize its operations as the auto industry moves towards electrification. VM Motori, which employs over 350 people, will continue to operate and expand its industrial development under the new ownership. The deal is expected to be finalized by the end of the year.

Carmaker Stellantis (STLAM.MI) has agreed to sell its Italian VM Motori engine-making unit to a group of Italian investors who also control engine part maker Marval. The transaction, for which no financial details were provided, is part of Stellantis' broader effort to reorganize its operations as the auto industry transitions towards electrification and market demand for traditional petrol engines contracts in Europe Stellantis sells engine making plant in Italy to group of industrial investors^[1].

The binding deal was signed by Gamma Holding, a vehicle created by Marval's controlling investors, according to Marval's CEO Vincenzo Nunziata. VM Motori, which employs over 350 people in its north Italian facility of Cento, historically made engines for Fiat Chrysler, now part of Stellantis, including large 6-cylinder diesel ones for markets like the U.S. However, since 2022, it has been focusing on industrial and marine engines, following a shift away from the car industry Stellantis sells engine making plant in Italy to group of industrial investors^[1].

Stellantis operates two other engine-making plants in southern Italy, in Termoli and Pratola Serra, supplying automotive production. The deal aims to promote "the creation of a national centre of excellence in the field of industrial engine technology" Stellantis sells engine making plant in Italy to group of industrial investors^[1].

The transaction is expected to be finalized by the end of 2025, with Marval's Nunziata stating that the new owners will keep jobs and current production at VM Motori, while aiming to expand Marval's operations. Marval, which employs some 800 people in its facilities in Italy, Britain, and China, specializes in key parts for engines and transmissions used in agricultural machinery, earthmoving equipment, commercial vehicles, trucks, and sports cars Stellantis sells engine making plant in Italy to group of industrial investors^[1].

Marval's customers include John Deere, Daimler Truck (DTGGe.DE), Iveco (IVG.MI), Scania, China's BYD (002594.SZ), and Sany. Nunziata emphasized that the project focuses on the industrial continuity of the site and the enhancement of local skills, increasing the design, production, and supply chain assets that have always distinguished this company Stellantis sells engine making plant in Italy to group of industrial investors^[1].

Marval posted revenues of 160 million euros ($187 million) in 2024 Stellantis sells engine making plant in Italy to group of industrial investors^[1]. The deal is backed by Azzurra Capital private equity fund, which is based in Turin.