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Colnago
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{{Short description|Italian bicycle maker}} {{coord|45.5729|9.4180|display=title}} {{Infobox company | name = Colnago | logo = Colnago logo.svg | logo_size = 200 | caption = | type = | trade_name = Colnago | genre = | fate = | predecessor = | successor = | foundation = {{Start date and age|1954}} in [[Cambiago]] | founder = [[Ernesto Colnago]] | defunct = | location_city = Cambiago | location_country = Italy | location = | locations = | area_served = Worldwide | key_people = | industry = [[Bicycle industry]] | products = [[Bicycle]]s, [[E-bike]] and related components | services = | revenue = | operating_income = | net_income = | aum = <!-- Only used with financial services companies --> | assets = | equity = | owner = | num_employees = | parent = Chimera Investments LLC<br />(majority since 2020)<ref name = "UAEacquired">{{cite news | last = Branquinho | first = Lance | date = 2020-05-04 | title = Colnago under new ownership | url = https://www.cyclingnews.com/news/colnago-under-new-ownership/ | work = CyclingNews | access-date = 2020-05-08 }}</ref> | divisions = | subsid = | homepage = {{URL|https://www.colnago.com/en/|colnago.com}} | footnotes = | intl = }} '''Colnago Ernesto & C. S.r.l.''' or '''Colnago''' is a manufacturer of [[Road bicycle racing|road-racing]] [[Racing bicycle|bicycles]] founded by [[Ernesto Colnago]] near [[Milano]] in [[Cambiago]], Italy. It remained a family-controlled firm until May 4, 2020, when it was announced that the [[UAE]]-based investment company, Chimera Investments LLC, had acquired a majority of the Colnago shares from Ernesto Colnago, although the headquarters will remain located in Italy after the acquisition.<ref name = "UAEacquired" /> Instead of following his family's farming business, Ernesto Colnago chose to work in the cycle trade, and was apprenticed first to Gloria Bicycles at the age of 13, and subsequently taking up road racing. After a bad crash ended his racing career, he began subcontracting for Gloria, and opened his own shop in 1954, building his first frames the same year.<ref>See www.colnago.com\history.</ref><ref name=":1">{{Cite news|url=https://rouleur.cc/editorial/the-wizard-of-cambiago/|title=The Wizard of Cambiago - Journal|date=2014-05-23|website=rouleur.cc|access-date=2018-08-30|language=en-GB|archive-date=2018-08-31|archive-url=https://web.archive.org/web/20180831002413/https://rouleur.cc/editorial/the-wizard-of-cambiago/|url-status=dead}}</ref> While building frames, he remained much in demand as a racing mechanic. He was second mechanic on the Nivea team [[Giro d'Italia]] under Faliero [[Masi Bicycles|Masi]] in 1955, eventually being employed as head mechanic for the [[Molteni (cycling team)|Molteni]] team of Belgian cycling legend [[Eddy Merckx]] in 1963.<ref>{{cite web|url=http://autobus.cyclingnews.com/features/?id=2004/colnago1 |title=The world centre of cycling |website=autobus.cyclingnews.com |date=2004-01-08 |access-date=2012-10-23}}</ref> The company first became known for high quality steel framed bicycles suitable for the demanding environment of professional racing, and later as one of the more creative cycling manufacturers responsible for innovations in design and experimentation with new and diverse materials including carbon fiber, now a mainstay of modern bicycle construction. In 2020, having lost his wife and brother, Ernesto Colnago sold his majority interest in the company to a United Arab Emirates investment firm.<ref>{{cite web | url=https://road.cc/content/news/colnago-sold-uae-based-investment-firm-273261 | title=Iconic Italian bike business Colnago sold to UAE-based investment firm | date=5 May 2020 }}</ref>
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