Progressio has acquired a majority stake in ATK Sports via its private equity Progressio Investimenti III. The Indulti family, which founded ATK in 2007, will maintain a minority stake and will continue to run operations. ATK specializes in ski bindings. The entire production process, from design to product delivery, is realized by Italian craftsmanship. Progressio’s investment is expected to allow ATK to strengthen its position in Europe and expand into the U.S.
ATK’s headquarters and manufacturing facilities are located in Fiorano Modenese, near Modena, in the heart of Italy’s so-called “Motor Valley.” The area hosts the headquarters of companies like Ferrari, Lamborghini, Maserati, Ducati and others.