Vittoria North America Industries Inc.
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Vittoria North America Industries Inc. - overview
Established
1953
Location
Bergamo, -, Italy
Primary Industry
Automobiles, Other Vehicles & Parts
About
Vittoria North America Industries Inc. is a manufacturer specializing in high-performance bicycle tires and accessories, catering to a diverse cycling community with products designed to enhance performance and durability across various terrains. Founded in 1953 by Rudie Campagne in Bergamo, Italy, Vittoria North America Industries Inc. has focused on producing premium bicycle tires and accessories.
The company has successfully pivoted its operations to expand its market presence, recently concluding a major transaction in December 2022 where Telemos Capital and the company's management acquired a majority stake from Wise Equity. This strategic move is anticipated to further bolster their growth in international markets and product development. Vittoria specializes in high-performance bicycle tires and related accessories, offering a diverse range of products tailored for various cycling disciplines, including road racing, mountain biking, and gravel riding. Their core product offerings include the Torrente XC Race, Rubino, and Corsa tires, designed to enhance performance and durability across different terrains.
The company emphasizes innovation with features such as extreme grip, self-cleaning designs for muddy conditions, and a Tire Pressure Calculator tool that optimizes tire pressure based on specific riding conditions. Vittoria serves a wide customer base, including professional mountain bikers, recreational cyclists, and gravel enthusiasts, with products distributed primarily across the United States and Europe, focusing on both B2B and direct-to-consumer sales channels. In the most recent financial year of 2022, Vittoria North America Industries Inc. reported a revenue of USD 45.
81 mn and an EBITDA of USD 587,323. The company generates revenue through direct sales of its bicycle tires and accessories to both consumers and retailers, leveraging a dual distribution model that includes partnerships with various dealers and distributors, facilitating a streamlined supply chain. Vittoria North America Industries Inc. plans to leverage its recent funding from the acquisition deal in December 2022 to accelerate international expansion and the development of new products and services.
This includes the launch of innovative tire designs aimed at enhancing performance for cyclists worldwide. The company is focused on expanding into new geographic markets, targeting regions in North America and Europe, capitalizing on its strong brand presence to increase market share.
Current Investors
Wise Equity
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.vittoria.com
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Vittoria North America Industries Inc. - timeline of key events
Vittoria North America Industries Inc. - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 16,686,070 | 18,356,483 | 15,858,483 | 15,680,607 | 18,534,321 | 21,121,778 | 23,225,925 | 23,432,311 | 24,899,745 | 28,061,849 | 29,587,744 | 34,870,826 | - | - | - |
| % Revenue Growth (YoY) | - | 10.0% | (13.6%) | (1.1%) | 18.2% | 14.0% | 10.0% | 0.9% | 6.3% | 12.7% | 5.4% | 17.9% | - | - | - |
| EBITDA (USD) | 482,326 | 831,797 | 698,772 | 6,115,467 | 880,387 | 730,555 | 886,022 | 936,761 | 1,458,113 | 1,889,411 | 2,427,942 | 2,421,011 | - | - | - |
| Operating Income (USD) | 218,711 | 494,398 | 332,647 | 5,736,570 | 435,474 | 235,160 | 770,329 | 828,787 | 1,349,408 | 1,659,309 | 2,004,836 | 1,816,578 | - | - | - |
| Operating Margin | 1.3% | 2.7% | 2.1% | 36.6% | 2.3% | 1.1% | 3.3% | 3.5% | 5.4% | 5.9% | 6.8% | 5.2% | - | - | - |
| % EBITDA Margin | 2.9% | 4.5% | 4.4% | 39.0% | 4.8% | 3.5% | 3.8% | 4.0% | 5.9% | 6.7% | 8.2% | 6.9% | - | - | - |
| NET Income (USD) | 12,475 | 42,233 | 60,996 | 99,274 | 127,422 | 247,185 | 303,263 | 250,587 | 507,909 | 786,011 | 1,220,387 | 2,488,407 | - | - | - |
| % Net Margin | 0.1% | 0.2% | 0.4% | 0.6% | 0.7% | 1.2% | 1.3% | 1.1% | 2.0% | 2.8% | 4.1% | 7.1% | - | - | - |
Vittoria North America Industries Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Announced | Vittoria North America Industries Inc. | - | ||||||||
| Add-on | Completed | A. Dugast B.V. | - | ||||||||
| Buyout | Completed | Vittoria North America Industries Inc. | - |
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Vittoria North America Industries Inc. - employee data
Vittoria North America Industries Inc. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman of the board of statutory auditors | BM |
BM Board Member
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