MASER, Italy - The brand relaunch of Sidi after the takeover by Italmobiliare Group in 2022 has turned out to be very profitable. The Italian cycling and motorcycle shoes manufacturer reports a 33.1% year-on-year growth in turnover to €31.7 million.
BUSETO PALIZZOLO, Italy - Lombardo Bikes has acquired Cicli Olympia, one of the oldest Italian bicycle brands, to create a production hub for bicycles made in Italy. Lombardo, founded in 1952 now counts itself as the largest bicycle manufacturer in Italy. The financial details of the deal have not been disclosed other than that it was secured entirely through Italian capital.
UDINE, Italy - Manufacturer of polymer anti-puncture solutions Tannus has founded a new European organization Tannus International Srl. together with the existing Italian office Tannus Italia Srl. "This direct participation of our parent company is an important phase in the strategic development of our company," explains Riccardo Natali, Co-founder of Tannus International Srl.
MASER, Italy - Sidi Sport S.r.l., was sold by founder Dino Signori to the Milan-based investment holding company, Italmobiliare S.p.A. in 2022. Soon after the takeover of the company specialising in the production of cycling and motorcycling footwear, Davide Rossetti was appointed CEO and that marked the start of a complete overhaul of the company. What is the current status of this iconic brand?
ROME. Italy - The micro mobility market in Italy will have to adjust to a series of restrictions as part of the mandatory new highway code. These include the usage of a helmet, but also a mandatory license plate and insurance. These restraints are a new setback for this highly popular micro mobility product, although Italy is certainly not the first country in Europe which restricts the use of e-scooters.
ASOLO, Italy - Selle Italia has acquired Vittoria cycling shoes, which has been developing and manufacturing cycling shoes in Italy for almost fifty years, for an undisclosed amount. Giuseppe Bigolin, President of Selle Italia, "As we did in 2016 with Selle San Marco, we are gearing up to expand our range with a company that has always believed in technological development, in style and in the Made in Italy brand. Just like us."
