Progressio sgr, through the private equity fund Progressio Investimenti III, acquires a majority stake in the capital of ATK Sports, supporting the Indulti family who will maintain the operational leadership of the company with the appointment of Davide Indulti as CEO. ATK Sports, founded in 1998 thanks to the intuition and skills of Giovanni Indulti, is a mechanical company active in the development, design and production of bindings and accessories for ski mountaineering on behalf of third parties and with its own brand (ATK BINDINGS), used by most part of the athletes participating in the World Cup. The company, at the center of the renowned Emilian “Motor Valley”, closed 2020 with revenues of over 9 million euros, of which approximately 85% abroad.
The objective of the Progressio fund, reads the note, is to support the company and entrepreneurs in a development path that will focus on consolidating the competitive positioning in Europe, on expansion in the USA and on the continuous search for innovative mechanical and technological solutions. to be applied also to adjacent sectors. The development plan may also include acquisitions aimed at completing the offer.