Colnago Ernesto & C. S.r.l. or Colnago is a manufacturer of high-end road-racing 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 majority of the Colnago stakes from Ernesto Colnago, although the headquarters will remain located in Italy since the acquisition.Instead of following his family's farming business, Ernesto Colnago chose to work in the cycle trade, apprenticing first with Gloria Bicycles at 13, subsequently taking up road racing. After a bad crash ended his racing career, he began subcontracting for Gloria, opened his own shop in 1954, building his first frames the same year.[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 in 1955, eventually being employed as head mechanic for the Molteni team of Belgian cycling legend Eddy Merckx in 1963.
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