About 170 jobs should be cut at Kettler, as part of a conditional offer from Lafayette Mittelstand Capital to acquire the German fitness equipment maker out of insolvency proceedings. Lafayette is a private equity firm from Frankfurt specialised...
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Precor could benefit from extra resources in China, its second-largest market, after the supervisory board of the fitness equipment maker’s owner approved an all-cash offer formally issued by a Chinese-led consortium valuing it at €4.6 billion...
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Jason Worthy has been appointed as president of the Life Fitness division at Brunswick Corporation. In a sudden change announced today, the group said Worthy is taking over with immediate effect from Jaime Irick, a former executive from GE Lighting...
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Technogym is developing contents as a means to leverage the reach of its connected platform, the Italian equipment maker said while reporting ample increases in sales and profits for the first half of this year. “The platform will soon be...
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The prospective ownership of Precor has been under intense discussion in the last few days, after Amer Sports suggested that it could study standalone options for its fitness division –and then confirmed that it had been approached with a...
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Sweden, the Netherlands and Germany have been picked as the most probable next targets for the European expansion of Peloton, the company revealed after a fundraising of no less than $550 million that reportedly valued the company at about $4.15...
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Kettler is battling to push through financial restructuring measures in partnership with an investor, Altera Capital, after earlier negotiations broke down and the German fitness equipment maker filed for insolvency under its own administration –...
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eGym has widened its remit again with the full acquisition of Qualitrain, a German company that has formed a network of about 1,400 fitness facilities to be used for workplace health management. The deal agreed at an undisclosed price earlier...
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Dyaco International and Gym80 International have struck a strategic partnership that should allow the two companies to share infrastructure and resources for their complementary product ranges. This comes after both equipment suppliers have taken...
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eGym is adding another dimension to its connected training platform by taking over the mobile app business of Netpulse, the leading supplier of customised mobile apps for fitness clubs, which expands its digital reach to about 12,000 fitness...
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