Grivel funding news – Italy-based Grivel Raises Investment and Operational Support from Midi Management

Maintaining the nearly 200-year history of the company, It will keep providing services to the mountaineering and climbing sector with an emphasis on enhancing the practitioner's experience.

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Improved operational strength and more skill under the direction of Oliviero Gobbi—who is keeping all of his shares and will remain the company's CEO—will complement this plan. Midi Management becomes the company's majority shareholder as a result of the investment.

Oliviero Gobbi, CEO of Grivel, said: "We are very excited to strategically partner with Midi Management, with whom we share the same passion and ambition. We have developed together a growth and product expansion plan that will hit the ground in the next few months."

About Grivel

Grivel, a global leader in the production of sophisticated climbing and mountaineering gear, was established in 1818 at the base of Mont Blanc. Based in the Aosta Valley, Italy, and with a strong global presence and representation, it is an innovative company with deep roots in tradition.