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fibodo Limited
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Health Club Management

Health Club Management

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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

eGym nets €25m for research and development

Prevention and improving personal levels of fitness are becoming more and more important for large audiences
– Philipp Roesch-Schlanderer, CEO, eGym

Fitness kit and software supplier eGym will receive up to €25m (US$30m, £22.2m) in financing to support its R&D and engineering.

The investment from the European Investment Bank (EIB) will also facilitate the expansion of eGym’s assembly and production facility.

eGym was founded seven years ago in Munich, Germany, but now operates across 13 European countries and the US.

It manufactures electric resistance machine circuits supported by software updates and utilises an open cloud platform to connect machines produced by third parties, in order to optimise fitness training and monitoring.

“eGym uses cutting-edge technology to create complete fitness ecosystems, which will help improve European citizens' access to the best available wellbeing and health equipment," said Ambroise Fayolle, vice-president of the EIB responsible for Germany.

"Supporting young and innovative businesses on their way into growth is one of the priorities of the EU bank because these companies create the employment for the future."

eGym chief executive Philipp Roesch-Schlanderer said: “From day one it's been eGym’s vision to make the gym work for everyone and provide users with the best training experience possible.

“Today, we see that prevention and improving personal levels of fitness are becoming more and more important for large audiences.”

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Company Details
eGym
eGym has developed a unique cloud-based, ecosystem of software and smart connected gym equipment for health clubs and other fitness facilities – delivering great results for members and higher profits for owners. By integrating software training programmes into strength training equipment, eGym offers in-depth member training information through the eGym Trainer app and eGym Fitness app. eGym’s automated training experience has progression built-in to ensure every training plan is optimised for each individual’s goals and needs, resulting in improved member motivation and engagement.
Address
Canterbury Court, Kennington Park, 1-3 Brixton Rd, London SW9 6DE
Telephone
+44 (0)203 701 4267
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News

eGym nets €25m for research and development

Prevention and improving personal levels of fitness are becoming more and more important for large audiences
– Philipp Roesch-Schlanderer, CEO, eGym

Fitness kit and software supplier eGym will receive up to €25m (US$30m, £22.2m) in financing to support its R&D and engineering.

The investment from the European Investment Bank (EIB) will also facilitate the expansion of eGym’s assembly and production facility.

eGym was founded seven years ago in Munich, Germany, but now operates across 13 European countries and the US.

It manufactures electric resistance machine circuits supported by software updates and utilises an open cloud platform to connect machines produced by third parties, in order to optimise fitness training and monitoring.

“eGym uses cutting-edge technology to create complete fitness ecosystems, which will help improve European citizens' access to the best available wellbeing and health equipment," said Ambroise Fayolle, vice-president of the EIB responsible for Germany.

"Supporting young and innovative businesses on their way into growth is one of the priorities of the EU bank because these companies create the employment for the future."

eGym chief executive Philipp Roesch-Schlanderer said: “From day one it's been eGym’s vision to make the gym work for everyone and provide users with the best training experience possible.

“Today, we see that prevention and improving personal levels of fitness are becoming more and more important for large audiences.”

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Company Details
eGym
eGym has developed a unique cloud-based, ecosystem of software and smart connected gym equipment for health clubs and other fitness facilities – delivering great results for members and higher profits for owners. By integrating software training programmes into strength training equipment, eGym offers in-depth member training information through the eGym Trainer app and eGym Fitness app. eGym’s automated training experience has progression built-in to ensure every training plan is optimised for each individual’s goals and needs, resulting in improved member motivation and engagement.
Address
Canterbury Court, Kennington Park, 1-3 Brixton Rd, London SW9 6DE
Telephone
+44 (0)203 701 4267
Related news

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News

Gym and health club members in England have flocked back to fitness facilities in droves
PureGym will take its budget fitness concept to Saudi Arabia, after securing a franchise partnership
Gyms, health clubs, leisure centres and fitness studios in England are back in business today
The UK government has published its impact report for the three-tier COVID-19 alert system, which
Professor Chris Whitty, the chief medical officer for England, has said exercise and physical activity
Nick Whitcombe, the independent gym owner who refused to shut his gym during the October
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Harley Pasternak

Trainer and author
Having someone just feeling comfortable walking into the gym is important
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