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.

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“Our son Davide has been fully involved as the head of ATK’s R&D, sales and marketing departments. He has proven to be a key enabler of our success since he joined the company in 2012. The next chapter, which will see ATK turn into a global player, will be supported by the marriage between our family and Progressio, a financial partner that we selected, represented by Filippo Gaggini and Nino Mascellaro, as they gained our trust by laying solid foundations for a successful future together. We wish to sincerely thank all those who have taken and will take part in all ATK’s achievements, our employees and advisors above all.”

Giovanni Indulti and Guerrina Amorotti

Founders, ATK Sports S.r.l.

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Alessandro Erbanni

Managing Director

Milan, Italy
Oaklins Italy

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Luca Morello

Director

Milan, Italy
Oaklins Italy

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