PM & Partners-backed Cytech completed the acquisition of Pasasport.

PM & Partners-backed Cytech, a designer and manufacturer of cycling pads and essentials, completed the acquisition of Pasasport, a manufacturer of sportswear. Financial terms were not disclosed. “The acquisition of Pasasport consolidates and enhances our market leadership and allows us to offer diversified services and products with greater added value. The business model, commercial and product development synergies and complementary technological know-how will allow us to accelerate the expansion of Cytech – Elastic Interface into new markets and diversify the product offering in the cycling sector and in other sports and to strengthen the international presence with production units in the main continents. PM & Partners was fundamental in this project for the strategic, operational and financial support it provided, making this further important step in the history of Cytech-Elastic Interface possible," Massimo Fregonese, Cytech CEO.