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.

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