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.
Here in Southampton we just get long lines of cars queuing for cruise ships. ...
Whilst EV cars are an improvement over ICE cars, I think they're a distraction from the possibilities of e-bikes, e-scooters and e-cargo-bikes etc....
I like how drivers make the case for making monitoring covert, not overt.
She seemed a bit upset about a minor misjudgement that could have killed someone and is going to cause months of stress and inconvenience.
No we don't agree, personally I would take primary, even if only for a short period although I can understand why some riders might not want to...
And which looks very like the bag produced by indy bag manufacturer Wizard Works…...
If it was a 'no vehicles' sign (all white circle centre), it would mean cyclists could ride in the hours that HGVs and disabled drivers are allowed...
The bit at the start and end looks like a cycle lane, but the bit they drive on looks just like a patched filter lane for traffic lights.
Hey, you 4 execs helped run a company into the ground and have no jobs anymore... Come work for us because you have great experience in the...
£11.5k for a bike weighing over 8kg that's 2 fingers to customers let alone UCI