Abarth & Co was founded on 31 March 1949. Carlo Abarth started working together with his friend Guido Scagliarini. Carlo Abarth had taken over the Northern Italian car make Cisitalia, including a number of finished and unfinished Cisitalias, along with the remnants of the company.
Immediately after the acquisition, Abarth and Scagliarini took over the racing team “Scuderia Abarth” and proceeded to take part at the next Mille Miglia race of 1949 with Tazio Nuvolari and Felice Bonetto in particular as drivers. The car driven by Guido Scaglarini himself came 5th in the final ranking.