Officine Mattio S.r.l. has announced a strategic agreement with Officine Mattio Holding Limited (“OMHL”), an Abu Dhabi-based investment company.
OMHL will acquire a 20% stake in Officine Mattio, providing funds for the company’s further development and growth.
Giovanni Monge Roffarello, founder and CEO of Officine Mattio, stated: “We welcome OMHL as our new shareholder and strategic partner. This agreement underscores Officine Mattio’s commitment to forging strategic partnerships that promote capital expansion and unlock future growth opportunities.
“Such collaborations accelerate our mandate to grow Italy’s cycling industry and deliver lasting value to our global customers.”
Established in 2020, Officine Mattio offers a broad portfolio of products related to the cycling industry.
Its business platform spans key sub sectors of the Italian cycling economy, including the design, manufacturing and production of ‘Made in Italy’ bicycles and associated parts, cycling tours, and it is an official sponsor of BePink, (a women’s professional racing team,) and OM. CC amateur granfondo cycling team.
This agreement supports Officine Mattio’s ongoing expansion and product diversification by attracting international investment and strategic partnerships to Italy.
The partnership will enhance Officine Mattio’s competitiveness, allowing it to concentrate on its core design and manufacturing operations.
Scott McGuigan, OMHL Chairperson
Scott McGuigan, OMHL chairperson, added: “We are honoured to partner with Officine Mattio, providing additional capital and strategic guidance to facilitate its growth and future aspirations.
“OMHL believes this partnership will be mutually beneficial and generate significant value, supporting Officine Mattio’s vision as a global artisan cycling company.”
OMHL is a private equity investor that intends to play “a crucial role in the cycling industry”.
Long-term, this will include focusing on investing in high-end bicycle manufacturers, innovative cycling technology firms, and performance components producers.
By providing capital and strategic guidance, OMHL aims to drive advancements in product development and market expansion.
The transaction is expected to close at the end of June 2024, and is subject to customary closing conditions and regulatory approvals.
