CMS advises eGym on acquisition of mobile apps division of US firm Netpulse

Munich – Munich-based sports tech start-up eGym is acquiring the mobile apps division of Californian firm Netpulse Inc. This move sees the company further expanding its digital portfolio. The details of the deal were not disclosed.

A CMS team headed by partners Stefan-Ulrich Müller and Dr Tilman Weichert advised eGym on all legal aspects of the transaction relevant to Germany. The company has previously also relied on the expertise of CMS lawyers, with CMS most recently advising eGym on taking out a loan from the European Investment Bank and on two significant venture capital financing rounds.

With its more than 300 employees, eGym develops state-of-the-art concepts for fitness studios and health-related facilities. The company has supplied more than 2,000 gyms across Germany and the rest of Europe with digitally networked equipment and intelligent apps. eGym has offices in Germany, France, the UK, the Netherlands, Spain, the USA and elsewhere.

Netpulse is one of the world’s largest providers of mobile apps for gyms and was founded in 2009 in San Francisco. The company has received more than EUR 50 million in total from investors. Netpulse and eGym entered into a sales partnership back in October 2017.

The current CEO of Netpulse, John Ford, will become the new North American head of eGym as part of the transaction. The chairman and co-founder of Netpulse, Tom Proulx, will become a member of eGym’s advisory board.

CMS Germany

Stefan-Ulrich Müller
Dr Tilman Weichert, both Lead Partners
Anton Hieber
Florian Seelig, both Associates, all Corporate/Venture Capital
Stefan Lehr, Partner, Competition & EU
Dr Martin Mohr, Counsel, Tax

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