Selle Italia has acquired a majority stake in Selle San Marco, as reported by the Italian newspaper Il Gazzettino di Vicenza e Bassano. The two historical bicycle brands are both based in Italy's Veneto region and together generate revenues of around €30 million of which €23 million are generated by Selle Italia. Together they allegedly account for more than 50 percent of the global market of high-end bicycle saddles. From now on Selle Italia and Selle San Marco will work together in R&D and develop synergies in the production area. The two brands, however, will continue to operate separately.