Italian saddle manufacturer Selle Italia has purchased a majority share of rival saddle company Selle San Marco, reports the Il Gazzettino website.
Giuseppe Bigolin, chairman of Selle Italia, says: “We now own more than 50 percent of Selle San Marco, a project we’ve been working on for some time with the Girardi family.
The 100% family owned company and with a turnover of €23 million, Selle Italia, which has acquired more than 50 percent of its rival company, resulting in a combined turnover of €30 million following the acquisition.
The two saddle manufacturers will continue to operate as separate companies, for the time being, but it’s likely the partnership will mean shared resources, especially for research and development.
“By bringing together all our know-how and patents we’ll definitely improve,” says Bigolin. As well as sharing similar names, the two brands are based in Rossano Veneto, which is also home to bicycle brand Wilier. Selle Italia.
High-end saddle manufacturing has strong roots in Italy, with Italian saddle brands enjoying a large share of the market. It’s claimed that the new combined business will have more than half of the global market for high-end saddles.
The making of saddles is one of the few cycling components still made in the country, whereas much of the frame building business has shifted to the Far East.
The two saddle brands are responsible for some of the most iconic road cycling saddles. San Marco’s most popular saddle models include the Concor, Aspide and Regale. Familiar Selle Italia saddles include the Turbomatic, Flite and, of course, the SLR.
The only gilet I'd buy would be the ultra packable type, and I've not seen anything lighter (sub 40g) than the sportful ultralight. That's now...
Don't forget, each of these places is a life hazard.
It seems what you're searching for is a USB Micro to USB Type-C.
Shetland Islanders must be a right bunch of Jessie's these days. The total population of the islands is less than 23,000 and Lerwick where the...
The same author seems to show something that looks like a shared space in his peice about the 85th percentile speed. However rather than an fully...
Strange how report results tend to match the expectations of those that paid for them.
It should be noted that socialism doesn't prevent folk from starting or running their own succesful busineses. It's about making sure no-one get...
London does seem to exist, making it REAL, and also seems to be part of the WORLD, it is not a figment of someone's imagination, so by being there,...
Look at London and the way that better infrastructure has encouraged cycle use. On some stretches the bicycle is the most numerous vehicle type....
Meanwhile the police throw significant resource at the Angela Rayner tax issue that should/could be handled by HMRC....