OMHL snags 20% stake in Italian bicycle manufacturer

Abu Dhabi-based investment company Officine Mattio Holding Limited (OMHL) is set to acquire a 20% stake in Italian bicycle manufacturer Officine Mattio for an undisclosed sum, BikeBiz reports. OMHL will offer up financial resources to support the Italian company’s expansion plans and product diversification efforts as part of the agreement, in a bid to promote capital expansion and ramp up Italy’s cycling sector.

About Officine Mattio: The Italian company specializes in “Made in Italy” bicycles and associated parts, and offers cycling tours. Officine Mattio sponsors professional women’s racing team BePink and amateur granfondo cycling team OM.CC.

OMHL has bigger plans for the cycling industry: The investment firm plans to play “a crucial role in the cycling industry,” by rolling out long term investments in high-end bicycle manufacturers, cycling technology firms, and performance components producers.

Timeline: The transaction is set to be finalized by the end of the month, pending customary closing conditions and regulatory approvals.