It is the parent company of the "Parilla", "Komet" and "Sirio" brand names and is the largest kart engines manufacturer.

Its factory is located in the province of Bergamo, Italy, near the city of Milan.

[1] The manufacturer won the European Formula A championship in 2000 with Lewis Hamilton, in 2001 with Carlo Van Dam and in 2004 with Nick De Bruijn.

[citation needed] In 2011, F1 GP winner Max Verstappen won the WSK Euro Series in an Parilla-powered CRG.

[citation needed] Aircraft engines produced by the Komet Flight Motor division of IAME include: