Progressio SGR has acquired a majority stake in ATK Sports

The Indulti family has sold ATK Sports S.r.l. to Progressio SGR SpA.

Headquartered in Fiorano Modenese, Italy, and founded in 1998, ATK Sports designs, produces and markets bindings and accessories for ski touring, both under its own brand ATK Bindings, as well as for third-parties, such as Black Diamond, Hagan and Elan. Additionally, it offers a rental service and after-sales assistance through a network of 15 centers across Europe. Due to its strong commitment towards innovation and quality, its products have become the go-to binding for most of the athletes taking part in the Ski Touring World Cup, as well as for many ski touring enthusiasts.

Progressio SGR will support ATK Sports in a development path that will focus on consolidating the company’s competitive positioning in Europe, on direct expansion in the USA, and in the continuous search for innovative mechanical and technological solutions. The development plan may also include further acquisitions aimed at strengthening ATK Sports’ market position. Progressio was founded in 2005 and is wholly owned by the management team. As of February 2019, it has US$590 million assets under management and has completed 22 investments since its inception.

Oaklins’ team in Italy acted as the financial advisor to the Indulti family in this transaction, which will enable ATK Sports to maintain its leadership position in the industry and become a global player.