VICENZA, Italy (BRAIN) — Former Crankbrothers CEO Gaspare Licata leads a group of private investors that acquired a majority interest in Extreme Racing Shox (EXT), a manufacturer of bike and motorsports suspension systems.Licata, Crankbrothers CEO for 10 ½ years, left the brand last month and has been working in the bike industry since 2009. The death of EXT founder and technical director Franco Fratton in April convinced former owner Katia Persico that a new investment and experienced leadership team was needed. As a longtime friend of Fratton and Persico, Licata stepped in.