Business · Companies · 1 day ago
Sigit plans €23 million investment to revive Speedline wheel maker
Italian industrial group Sigit, led by Pierangelo Decisi, is preparing to take over Speedline, the wheel maker based in Santa Maria di Sala.
The preliminary purchase agreement was approved, and the final transfer is due to be signed at the factory on November 27.
Speedline has faced a long crisis, and Sigit says it intends to bring employees back and invest in the factory.
The plan calls for €23 million in investment in more efficient equipment, new products and measures to cut energy costs.
Sigit aims to build production to 350,000 to 400,000 wheels a year by 2029, up from 95,000 last year, and expects annual revenue of €45 million.
The company wants to focus on premium wheels for carmakers and motorsport, rather than compete on price.
Sigit also plans to create a museum devoted to Speedline’s automotive history.
Sigit plans to invest €23 million to revive Speedline, the Italian wheel maker.
The plan includes investment in the factory, efforts to rehire employees and a company museum.
Sigit aims to build production capacity to 350,000–400,000 wheels a year and annual revenue of €45 million.
The company plans to focus on premium products rather than competing on price.
The takeover agreement was approved at a meeting with unions and special administrators, with the final transfer scheduled for 27 November.
- Who
- Sigit, led by entrepreneur Pierangelo Decisi, plans to revive Speedline.
- What
- Sigit plans €23 million in investment and intends to rehire employees.
- When
- The acquisition agreement was approved on 5 November 2026; the final transfer is scheduled for 27 November.
- Where
- Speedline is based in Santa Maria di Sala, in the province of Venice, Italy.
- Why
- Sigit aims to restore the wheel maker as a premium brand and return it to the market.
This story does not have two clearly opposing sides.
The preliminary acquisition agreement was approved at a meeting with unions and special administrators.
Pierangelo Decisi outlined Sigit’s plans for investment, production and the Speedline museum.
The final transfer of ownership is scheduled to be signed at the company.
Sigit’s plan is expected to reach full operation.
- Planned investment
- €23 million
- Planned production capacity
- 350,000–400,000 wheels a year
- Planned annual revenue
- €45 million
- Speedline’s previous-year production
- 95,000 wheels
- Planned final ownership transfer
- 27 November 2026
- Planned full operation
- 2029
What people are saying
I cannot promise the future, but I can say that we will spare no effort to build it together.
Our plan is for a total of 23 million euros.
We are interested in selling a product of style, not battling on price.