Alete Bikes, backed by Trilantic Europe, has signed an agreement to acquire Cicli Esperia, a leading Italian bicycle manufacturer, to enhance its presence in the growing bike and e-bike market.
Target Information
Alete Bikes, a portfolio company of Trilantic Europe, has entered into a binding agreement to acquire Cicli Esperia, a reputable manufacturer of bikes and e-bikes based in Cavarzere, Italy. Established by the Zanaga and Turato families, Cicli Esperia produces a diverse array of bicycles under four primary brands: Cicli Esperia, Legnano, Torpado, and Fondriest. In the fiscal year 2021, Cicli Esperia reported revenues of €37 million, underscoring its robust standing in the bicycle manufacturing sector.
Industry Overview in Italy
The bicycle and e-bike industry in Italy has witnessed considerable growth in recent years, driven by an increasing focus on sustainable transportation and a burgeoning demand for urban mobility solutions. Italy, known for its rich cycling heritage, is home to many prominent manufacturers and a diverse market, ranging from high-end racing bikes to urban commuting bicycles.
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Moreover, Italy's strategic emphasis on sustainable transport policies and investments in cycling infrastructure has catalyzed market expansion. The Italian government has initiated various incentives to promote cycling as an eco-friendly altern
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Alete Bikes
invested in
Cicli Esperia
in 2023
in a Buy & Build / Roll-Up deal
Disclosed details
Revenue: $40M