I used to have a Celo Europa racing bike. Wonderful ride, lovely bike until is was destroyed by an SUV (I fared better with just a broken thumb).
The story is they were made by the same shop that built Colnagos, and some of the lugs (with a "C") in them appear to be the same. Mine dated from the late 70s or early 80s, I was told.
Can somebody will fill in the history, who imported them, etc.? -- Jan Heine, Seattle Editor/Publisher Vintage Bicycle Quarterly c/o Il Vecchio Bicycles 140 Lakeside Ave, Ste. C Seattle WA 98122 http://www.vintagebicyclepress.com