Italian bike producer Officine Mattio has confirmed a strategic agreement with Officine Mattio Holding Limited (OMHL), an Abu Dhabi-based investment company. As part of an investment, OMHL will acquire a 20% percent stake in Officine Mattio, providing funds for the company’s development and growth.
Officine Mattio notes that this agreement supports the brand’s ongoing expansion and product diversification by attracting international investment and strategic partnerships to Italy. The partnership will aim to enhance Officine Mattio’s competitiveness, allowing it to concentrate on its core design and manufacturing operations.
Giovanni Monge Roffarello, Founder and CEO of Officine Mattio, said “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.”
OMHL Chairperson, Scott McGuigan, 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.”
The transaction is expected to close at the end of June 2024 and is subject to customary closing conditions and regulatory approvals.
