According to Colnago, it has sold a majority of its shares to the Abu Dhabi based investment firm Chimera Investments LLC.
The Italian brand was founded by Ernesto Colnago in 1954, quickly becoming the bike of choice for some of the peloton’s best riders who went on to win such coveted titles as the World Championship Road Race, Olympic Medals, the Tour de France, the Giro d’Italia, Paris-Roubaix and more.
Ernesto Colnago said, “Chimera Investments will give Colnago the ability to grow and increase its presence in all markets, whilst maintaining and improving the quality of Colnago products. We have a unique opportunity with the support of Chimera to ensure that we continue to build the world’s best bikes well into the future.”
Chimera Investments said, “from all the fans of Colnago, we would like to thank the master of the design and invention of great bikes Ernesto Colnago, and we would like to follow his path and move forward in his legacy bringing Colnago to a bright future as no one else would. Mister Colnago will always be the Godfather and the guiding force of the new developments.”
Colnago currently sponsors the UCI World Tour Team, UAE Team Emirates, which plays hosts to eight Italian riders including Fabio Aru.
Adherents of the vaunted bike brand can only hope that its pedigree are preserved under the new ownership deal.
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