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.
I presume the same people moaning refuse to watch any ITV cycling coverage thesedays when he's on....
Like healthcare or formal education?
Like the cycle race named after a pastry?
Tory mayor candidate - "we must remember there's only two to three per cent of the population that are cyclists" ...
"He also drove off after the collision but did return a short while later."...
dog has been trainied to be wingman for your friend. it's all deliberate
Less batshit crazy, more seagull shit crazy.
presumably the administrators of whats left of Wiggle that Mikey didnt buy....
Very nice read, Personally i think the part of the bike your disliking mostly boils down to the tyers and wheels. Shove some alpinsts in there and...
Ipswich residents try to improve Humber Doucy Lane traffic, essentially they want to create an LTN....