A mix of private strategic investors, headed by the former CEO of Crankbrothers, Gaspare Licata, has officially taken a controlling interest in Extreme Racing Shox (EXT), the Italian manufacturer specializing in high-performance suspension for MTB and motorsports. This investment aims to strengthen collaboration among existing shareholders, enable EXT to further develop its engineering expertise, and uphold its longstanding legacy in the space.
The passing of EXT founder and technical director Franco Fratton in April 2025 left the community and company with a massive hole. Under Fratton’s guidance, EXT built its reputation on meticulous engineering detail, elite-level performance, and a personal touch rarely seen in the industry. These factors earned EXT acclaim and respect from riders worldwide. Former owner Katia Persico determined that new investment and an experienced leadership team were needed to continue the EXT legacy.
Gaspare Licata, a longtime friend of Fratton and Persico, feels responsible for upholding the EXT legacy as the brand evolves. He aims to help the company grow while preserving its craftsmanship, authenticity, and personal touch that Franco Fratton always emphasized. The new investment and leadership will honor Fratton’s legacy and strive to make the brand something that Fratton himself would be proud of.
“After Franco’s passing, it became clear the company needed partners who understood both our values and the technical depth of the brand,” says Katia Persico. “While larger companies expressed interest, what mattered most to me was preserving EXT’s technical excellence and relationship-driven approach. Gaspare and his team share that philosophy, which is why this partnership made sense.”
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Licata, who joined the cycling industry in 2009 and helped Crankbrothers’ market presence as CEO, has always admired EXT’s engineering and manufacturing strengths. He recognizes significant potential in the company’s established platforms, heritage, and skilled manufacturing approach.
“I’ve admired EXT’s factory, engineering culture, and the people behind it for years. This acquisition allows us to build on that foundation with the flexibility and focus that a privately led structure enables,” Gaspare Licata said about continuing the legacy of EXT. “The company has untapped potential in both the bicycle and motorsports categories, and I’m committed to honoring its heritage whilst pushing it to fulfil that potential.”
Under this new ownership, EXT plans to invest in technologies to boost product performance. The company will strengthen global dealer and distributor ties, improve its supply chain, and maintain its high-precision Italian manufacturing. EXT will continue R&D partnerships with top motorsports teams and will continue to grow and develop suspension solutions for its already established segments.
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