In 2018, Egym acquired the Lower Saxony-based company Qualitrain, thus taking its first step into corporate fitness. This network has since grown to 3,600 corporate customers. Their employees have access to a wide range of 5,500 sports and health facilities across the country. Through the acquisition of Gymlib This network is now being expanded to include 600 corporate customers and 4,300 fitness facilities in France and Belgium.
The Egym managing director Philipp Roesch-Schlanderer explains with regard to Gymlib:
"Since Gymlib's inception, Sébastien and his co-founder Grégoire Véron have worked tirelessly to connect the fitness industry and the corporate health market. We are deeply impressed by the entrepreneurial spirit of the two Gymlib founders, who have massively expanded their business, especially during and after the pandemic, and have clearly focused on market leadership and capital efficiency. We look forward to supporting the realization of our shared goal of providing employees in all industries with easy and affordable access to health-oriented training with technology and capital."
Egym and Gymlib aim to become market leaders in Europe
And Sébastien Bequart, Managing Director of Gymlib, adds:
"To continue our growth in an increasingly competitive European market, we were looking for a partnership with a leading industry player. We were impressed by how Philipp and Nico intelligently combine egym's innovations with corporate wellness, revolutionizing the way people exercise around the globe. Egym's values and the positive development of our personal relationships over the past few months further strengthened our decision."
The aim of the new partners is now to expand into other countries and quickly achieve market leadership in Europe.
Just last year, Egym secured 35 million euros (41 million dollars) in its Series E round. At this point The Munich-based company stated that it was able to maintain its revenues despite the coronavirus-related closures of fitness studios. Furthermore, many operators of fitness and health facilities are investing heavily in digitalization measures, and new customer business is also increasing significantly.
