EGYM has acquired leading French corporate fitness provider Gymlib. The Munich-based company made the announcement on April 26.
Health and well-being for all employees in Europe - with this joint mission, EGYM and the French company Gymlib are reaching for European market leadership in the corporate fitness segment. With Gymlib, EGYM is acquiring the largest player in the French corporate fitness market for a high double-digit million sum.
With its qualitrain brand, EGYM is one of the leading corporate fitness providers in Germany. By joining forces, EGYM and Gymlib aim to extend their lead over their national competitors and jointly offer corporate fitness activities in other parts of Europe. The clear goal, according to the managing directors of EGYM and Gymlib, Philipp-Roesch-Schlanderer and Sébastian Bequart, is to become the market leader in Europe in order to provide all employees on the continent with qualified yet inexpensive offers, to keep fit in a seamless network of partner facilities and to do something for their health in a preventive way.
"Sébastien and his co-founder Grégoire Véron have worked tirelessly to connect the fitness industry and the corporate health market since Gymlib's inception. We are very impressed by the entrepreneurial spirit of the two Gymlib founders, who have massively expanded their business, especially during and after the pandemic, and have clearly focused on market leadership and capital efficiency."
Philipp Roesch-Schlanderer, CEO EGYM
EGYM estimates the combined volume of the corporate wellness market in Germany and France at €2.5 billion. Experts predict an average annual growth rate of 7% for the period until 2027.
Source and image source: BODYMEDIA
Published on: 24 May 2022