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Health Club Management

Health Club Management

News

Basic-Fit's club portfolio grows to 687 clubs with the acquisition of Fitland

We believe this acquisition is attractive to shareholders, members and employees
– Rene Moos

Basic-Fit, one of the biggest fitness operators in Europe, has confirmed the completion of its acquisition of Fitland, the Netherlands' third-largest fitness operator.

Details of the deal were first revealed in April.

Rene Moos, CEO of Basic-Fit, said the acquisition will secure the company's leading position in the Dutch market. "We are pleased to add the Fitland clubs to our existing network of 161 clubs and believe this acquisition is attractive to shareholders, members and employees of both Fitland and Basic-Fit."

The buyout will increase Basic-Fit's 650-strong portfolio of clubs to 687, as it adds Fitland's 37 mid-market fitness clubs to the business.

Basic-Fit operates on a high-quality, value for money basis with a straightforward membership model that has already attracted two million members. It's currently operating in five European countries.

Moos said Bascic-Fit will rebrand and refurbish about 30 of the clubs and sell off the remainder, giving it a network in the Netherlands of close to 200 clubs. The integration is expected to be completed by the end of 2019.

Fitland has 56,000 members and annual revenues of approximately €21m (US$23.7m, £18.8m).

Basic-Fit is financing the deal through its existing bank facilities and said the acquisition will start contributing to earnings from 2020.

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News

Basic-Fit's club portfolio grows to 687 clubs with the acquisition of Fitland

We believe this acquisition is attractive to shareholders, members and employees
– Rene Moos

Basic-Fit, one of the biggest fitness operators in Europe, has confirmed the completion of its acquisition of Fitland, the Netherlands' third-largest fitness operator.

Details of the deal were first revealed in April.

Rene Moos, CEO of Basic-Fit, said the acquisition will secure the company's leading position in the Dutch market. "We are pleased to add the Fitland clubs to our existing network of 161 clubs and believe this acquisition is attractive to shareholders, members and employees of both Fitland and Basic-Fit."

The buyout will increase Basic-Fit's 650-strong portfolio of clubs to 687, as it adds Fitland's 37 mid-market fitness clubs to the business.

Basic-Fit operates on a high-quality, value for money basis with a straightforward membership model that has already attracted two million members. It's currently operating in five European countries.

Moos said Bascic-Fit will rebrand and refurbish about 30 of the clubs and sell off the remainder, giving it a network in the Netherlands of close to 200 clubs. The integration is expected to be completed by the end of 2019.

Fitland has 56,000 members and annual revenues of approximately €21m (US$23.7m, £18.8m).

Basic-Fit is financing the deal through its existing bank facilities and said the acquisition will start contributing to earnings from 2020.

Sign up for FREE ezines & magazines
Related news

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Our industry in Asia is growing at an exponential rate but it’s too fragmented to ensure sustainable growth. Hundreds of exciting brands and businesses exist, many with great potential but we need to work together to grow our marketplace, engage new demographics and better serve communities and customers - Ross Campbell, CEO and founder of Fit Summit
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DFC: We do more...
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More videos:
Company profiles
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Company profiles
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Catalogue Gallery
Click on a catalogue to view it online
Directory
Trade associations
International SPA Association - iSPA: Trade associations
Audio visual
Hutchison Technologies: Audio visual
Skincare
Comfort Zone - Davines S.p.A: Skincare
Professional services
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Fitness equipment
Miha Bodytec GmbH: Fitness equipment
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Locking solutions
Ojmar: Locking solutions
Exercise equipment
Star Trac / Core Health & Fitness: Exercise equipment
Flooring
Total Vibration Solutions Ltd: Flooring
Architects/designers
Zynk Design Consultants: Architects/designers
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Diary dates
23-25 Jul 2019
Melbourne Convention and Exhibition Centre, Melbourne, Australia
Diary dates
05-06 Sep 2019
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Diary dates
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