Technogym Announces Acquisition of Majority Stake in Exerp

This press release was provided by Technogym. The Club Industry editorial staff was not involved in the creation of this content. 

Technogym, one of the leading companies in the international fitness and wellness market, today announced to have entered into a share purchase agreement for the acquisition of a majority stake in Exerp, a global digital specialist in fitness club member engagement software, based in Denmark.

The partnership between Technogym and Exerp strengthen the digital ecosystem and increases the company capability to offer fitness operators a complete solution to improve  the end user experience. The integration between Technogym’s mywellness cloud – the wellness lifestyle CRM – and the Exerp platform – one of the best fitness club ERP – completes the world’s first and only lifestyle management “open platform”, thanks to the integration of proprietary and third party apps, the most popular wearable devices and biometric tracking devices. The deal with Exerp fosters Technogym capability to ensure industry operators the possibility to define new business models to provide end users with new services, not only indoor, but also outdoor through an easy, engaging and seamless interface.   

Exerp has developed a vast knowledge of the business requirements that underlie the operations of some of the world’s largest and most recognised fitness chains. The Exerp Platform aim is to transform operator’s businesses by reducing cost, promoting simplicity and fundamentally changing the way they interact with their members.

This deal confirms the Technogym commitment to digital innovation in the industry and strengthen our strategic approach toward solution selling to offer operators the opportunity to generate better profits and to enable end users to get better results in terms of fitness, sport and health” said Nerio Alessandri, Founder and CEO of Technogym and added “Moreover, the Technogym Ecosystem allows fitness clubs to shape new business models by connecting with insurances, corporate and medical operators”  

"We are really excited about this partnership with Technogym, which will allow Exerp to accelerate its global expansion, as well as foster innovative software solutions combining membership and training data. This will be essential to improve the customer journey and ultimately, the bottom line of our clients." said Remi Nodet, Exerp CEO.

The transaction closing is expected on April 8, 2016. Technogym will acquire a 50,01% stake of Exerp and will enter into a shareholders’ agreement with minority shareholders of Exerp and its management who will retain 30% ownership. The remaining 19,99% share is controlled by the founders and Exerp employees.

About Technogym

Founded in 1983, Technogym is a world leading international supplier of technology and design driven products and  services in the Wellness and Fitness industry. Technogym provides a complete range of cardio, strength and functional equipment alongside a digital cloud based platform allowing consumers to connect with their personal wellness experience anywhere, both on the equipment and via mobile when outdoors.  With over 2,000 employees and 14 branches globally, Technogym is present in over 100 countries. More than 65,000 Wellness centers and 200,000 private homes in the world are equipped with Technogym and 35 million users train every day on Technogym. Technogym was the official supplier for the last five editions of the Olympic Games: Sydney 2000, Athens 2004, Turin 2006, Beijing 2008, London 2012 and has been appointed as Official Supplier also for Rio 2016.