EGYM Hussle is heralding a new era in fitness and healthcare

Fitness technology and corporate wellness company, EGYM, has secured US$200 million of growth capital to expand its global fitness and healthtech platform.

The HCM Summit, which will be held in London on 24 October, has announced EGYM as its Platinum Partner for the next three years.

Egym has announced deals designed to position it for growth acceleration, as Kath Hudson reports

EGYM, has signalled its intention to become a dominant force in the corporate wellness sector with the acquisition of UK-based aggregator, Hussle.

EGYM, which raised €207 million last year in new investment, continues to build its top team with the appointment of former Technogym MD, Steve Barton, as country director for the UK.

Clawson will take on the new role of general manager gymtech at EGYM in mid-February and Barker will serve as a strategic advisor.

Boutique operator TRIB3 is restructuring to refocus on international growth and franchising. The company will move out of direct operations and consolidate its global headquarter in Barcelona.

Peloton has called a stop to its disastrous attempt to rebrand Precor as Peloton Commercial, announcing it will operate as Precor going forward and be constituted as a wholly-owned subsidiary of Peloton.

Peloton is set to axe around 800 jobs, increase the price of its equipment and close some of its retail operations as part of efforts to turn around the decline in its business.

Trib3 is making a play for the lucrative US fitness market.

Rob Barker has stepped down from his roles at Precor and Peloton with immediate effect.

At-home fitness giant Peloton has officially completed the acquisition of equipment provider Precor, in a deal worth US$420m.

In a surprise move, Peloton – which finished its last financial quarter with US$2bn cash in the bank – has announced it's purchasing commercial fitness giant, Precor.

Precor is expanding its offering through new partnerships with Spinning and Queenax

Precor has secured an exclusive worldwide agreement with Mad Dogg Athletics, creator of the Spinning indoor cycling programme, that will see Precor assume all commercial production for a new line of Spinner indoor cycling equipment.

Functional training systems provider Queenax has joined the Precor range of fitness equipment, having been acquired by Precor parent company Amer Sports.

Recent suggestions from health expert Dr Mike Loosemore, head of exercise medicine at UCL’s Institute of Sport Exercise and Health, posit that most people in the UK are so far away from the government’s recommended exercise guidelines that they give up before they even start.

Ex-members have previously bought into the idea of going to the gym, so how can we tempt them back again?