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Technogym
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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

ClassPass acquires Asian aggregator GuavaPass

Fitness subscription service ClassPass acquired GuavaPass, a fitness aggregator operating in Asia and the Middle East.

ClassPass will take over GuavaPass' operations in 11 cities across the two regions, including Abu Dhabi, Bangkok, Beijing, Dubai, Hong Kong, Mumbai and Singapore.

GuavaPass founders Jeffrey Liu and Rob Pachter will join the ClassPass team, along with some of the GuavaPass top team.

The move is part of ClassPass’ strategy to expand its international presence and comes six months (July 2018) after the company secured US$85m (€72.5m, £64.5m) worth of series D financing from private equity giant L Catterton and Singapore-based investment company Temasek.

Following the deal, GuavaPass will cease operations in markets where ClassPass is already available. In markets where ClassPass hasn't got an active presence, GuavaPass brand will continue to operate under the ClassPass umbrella "until further notice".

“The GuavaPass deal will continue our strategy to build the biggest fitness membership for our customers, and the largest global network for our partners," said ClassPass CEO Fritz Lanman.

"This transaction will accelerate our robust growth trajectory as we continue expanding throughout Asia and the Middle East."

The acquisition will result ClassPass now operating in more than 80 markets across 15 countries. The company is already planning further expansion and has announced plans to launch "in at least 50 new markets" in 2019.

“ClassPass is already the leading fitness aggregator in the US,” said Chloe Ross, ClassPass VP of International.

“We’re doubling-down on our international expansion efforts with no intentions of slowing down in 2019."

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Fitness subscription service ClassPass acquired GuavaPass, a fitness aggregator operating in Asia and the Middle East.
HAF,FIT,IND,PTS,TEC
imagesX/THUMB340492_623030_130494.jpg
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News

ClassPass acquires Asian aggregator GuavaPass

Fitness subscription service ClassPass acquired GuavaPass, a fitness aggregator operating in Asia and the Middle East.

ClassPass will take over GuavaPass' operations in 11 cities across the two regions, including Abu Dhabi, Bangkok, Beijing, Dubai, Hong Kong, Mumbai and Singapore.

GuavaPass founders Jeffrey Liu and Rob Pachter will join the ClassPass team, along with some of the GuavaPass top team.

The move is part of ClassPass’ strategy to expand its international presence and comes six months (July 2018) after the company secured US$85m (€72.5m, £64.5m) worth of series D financing from private equity giant L Catterton and Singapore-based investment company Temasek.

Following the deal, GuavaPass will cease operations in markets where ClassPass is already available. In markets where ClassPass hasn't got an active presence, GuavaPass brand will continue to operate under the ClassPass umbrella "until further notice".

“The GuavaPass deal will continue our strategy to build the biggest fitness membership for our customers, and the largest global network for our partners," said ClassPass CEO Fritz Lanman.

"This transaction will accelerate our robust growth trajectory as we continue expanding throughout Asia and the Middle East."

The acquisition will result ClassPass now operating in more than 80 markets across 15 countries. The company is already planning further expansion and has announced plans to launch "in at least 50 new markets" in 2019.

“ClassPass is already the leading fitness aggregator in the US,” said Chloe Ross, ClassPass VP of International.

“We’re doubling-down on our international expansion efforts with no intentions of slowing down in 2019."

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Fitness subscription service ClassPass acquired GuavaPass, a fitness aggregator operating in Asia and the Middle East.
HAF,FIT,IND,PTS,TEC
imagesX/THUMB340492_623030_130494.jpg

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Life Fitness has unveiled the new Integrity SL, its connected LED console designed for the Integrity Series cardio portfolio.
Featured supplier news
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FunXtion has upgraded its White Label Member App with a raft of new features to support its partners in scaling up and keeping up with rising member expectations.
Featured operator news
Featured operator news: Being active helps Parkwood Leisure customers save the NHS £16m
Parkwood Leisure, one of the UK’s leading public leisure facilities operators, helped prevent more than 7,000 cases of stroke, dementia, depression and type 2 diabetes in 2019, saving the NHS £16 million, a new social value report has shown.
Featured operator news
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Award-winning leisure operator Everyone Active generated £342million in social value at its sites across the country in 2019/20.
Company profiles
Company profile: Pendex Fisio S.L.
Pendex programmes are delivered using 12 smart training machines, the design of which correlates with ...
Company profiles
Company profile: Fisikal Limited
Fisikal helps fitness professionals, operators and education organisations improve efficiencies and service through its online ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Salt therapy products
Saltability: Salt therapy products
Wearable technology solutions
MyZone: Wearable technology solutions
Uniforms
Service Sport: Uniforms
trade associations
International SPA Association - iSPA: trade associations
Architects/designers
Zynk Design Consultants: Architects/designers
Skincare
Comfort Zone - Davines S.p.A: Skincare
Fitness equipment
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Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
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Diary dates
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Diary dates
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Technogym
Technogym