Breaking News: Colnago Gets Sold

In a season that earlier brought the news that DeRosa Bicycles was also being sold to an investment group, the latest salvo of an legacy Italian builder being sold is that  Chimera Investments LLC, an investment fund based in Abu Dhabi, United Arab Emirates, has acquired a majority of the shares in Colnago, the historic bike brand in Cambiago, Italy founded in 1952 by famed mechanic and builder,  Ernesto Colnago.

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.”