Life Fitness announced today, 01.09.2016, that its parent company Brunswick completed the acquisition of the Indoor Cycling Group (ICG) has been completed. Antitrust approval has now been granted by the German authorities. ICG is a leading provider of indoor cycling equipment based in Nuremberg. The parties have agreed not to disclose the financial details of the merger.
The ICG takeover marks the third addition to the renowned health and fitness brand family within a year. The Life Fitness product range will be further diversified and strengthened, particularly in the group training segment. strengthened. "We are delighted to welcome the ICG team," says Chris Clawson, President of Life Fitness. "With ICG's cycling expertise, innovative technologies and strong workforce, we are positioning ourselves very well in the indoor cycling and group training markets.
ICG was founded in 1995 and specializes exclusively in the indoor cycling market. The company is known worldwide for its expertise, its wide range of bikes with aesthetic design and innovative technology. This makes it the most respected supplier of indoor cycling equipment. Through the merger with Life Fitness, ICG products can now be delivered to more than 120 countries through the new owner's global distribution network.
Source: F&G
Published on: 1 September 2016