Lombardo Bikes Revives Tradition with Olympia Cicli Acquisition

Lombardo Bikes, an Italian bicycle manufacturer established in 1952 by Gaspare Lombardo in Sicily, has acquired Olympia Cicli, another venerable Italian bicycle producer founded in 1893. The acquisition was facilitated by Arkios Limited, an independent investment banking advisory firm specializing in mid-market transactions. Arkios participated as the exclusive financial advisor on the sell-side for the founders of Cicli Olympia, Italy’s third oldest bicycle brand. The sale also received legal assistance from Leopoldo Giannini, managing partner of L2 Value. Lombardo Bikes, known for its diverse range of electric and traditional bicycles, emphasizes sustainable practices, operating increasingly on renewable energy. The company has expanded its presence internationally, partnering with companies such as Bosch for electric bike development. Olympia Cicli is renowned for its integration of tradition and advanced technology, such as the innovative Powernine 900 battery, attracting diverse customers from Olympic athletes to new MTB enthusiasts. The brand is further distinguished by its strong ties to competitive cycling, notably sponsoring the Olympic MTB team of the Carabinieri, Italy's national military police force.