Cervélo is not an Italian company, they're Canadian. Its name is partially Italian as it's a portmanteau of cervello (brain in Italian) and vélo (bike in French).
Owned by Pon Holdings since 2011 (who also own Gazelle, Derby, Raleigh, Ghost, Santa Cruz), with headquarters in California.
And like the rest, presumably made in China.
TIL. That’s funny, I’ve thought for 20 years they were Italian. Thank you!