Munich – The German fitness technology and corporate fitness provider EGYM acquires French competitor Gymlib. With the acquisition, the Munich-based sports-tech-company aims for the market leadership on corporate fitness in Europe. In Germany, the company is already the market leader with its qualitrain brand. According to its own information, around 3,600 corporate clients belong to the company's network, which is also known for its digitally networked fitness equipment. Gymlib is considered the market leader in France with around 600 corporate clients and 4,300 fitness facilities and is also active in Belgium. All parties involved have agreed not to disclose the details of the transaction.
An international CMS team around the Munich-based lead partners Stefan-Ulrich Müller and Dr Tilman Weichert provided comprehensive legal advice to EGYM on the transaction. The cross-border transaction consisted in part of a share-for-share exchange. The Munich-based venture capital team has been advising EGYM extensively on financing rounds, venture debt transactions and acquisitions since 2014, such as the acquisition of the mobile apps business from the US company Netpulse in 2018.
CMS Germany
Dr Tilman Weichert, Lead Partner, Munich
Stefan-Ulrich Müller, Lead Partner, Munich
Felix Schmitt, Senior Associate, Munich
Sebastian Hummel, Associate, Munich, all Corporate/M&A
Stefan Lehr, Partner, Frankfurt/Main, Competition & EU
Jörg Schrade, Partner, Munich, Tax
CMS France
Benoît Gomel
Antoine Melchior
Jade Huard, all Corporate/M&A
Pierre Dedieu
Chloé Délion, both Tax
Alexandre Chazot, Finance
Press Contact
presse@cms-hs.com
