PRODUCT NEWS
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| Total Fitness Poland has been acquired by corporate wellness platform, Benefit Systems |
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| 15 Nov 2021 . BY Tom Walker |
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| Total Fitness operates 14 clubs in Poland / Shutterstock/BearFotos |
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Polish corporate wellness platform Benefit Systems has taken over a majority stake in club operator Total Fitness.
Benefit Systems has acquired a 88 per cent stake in the gym chain, which currently runs 14 clubs in Warsaw (10 clubs), Gdańsk (3) and Radom (1).
Total Fitness opened its first club in 2011 in Ursynów, Warsaw.
According to Benefit Systems, the value of the deal will be between PLN75m and PLN85m and the transaction will be finalised by April 1, 2024.
Ultimately, Benefit Systems plans to acquire 100% of the shares.
Benefit Systems offers a range of corporate benefits across health, fitness, culture and hospitality under its MultiSport card scheme.
Aleksander Wilewski, co-founder of Total Fitness, said: "Joining the Benefit Systems Group is an important event for us and an opportunity to further develop the offer of Total Fitness clubs together with a strong, reliable partner and contribute to the improvement of the wellness of Poles and the development of the fitness industry.
"For many years, we have been trying to operate beyond the usual pattern, providing our clients with the best experience related to taking up activity and sports.
"Our clubs are characterised by positive emotions, professional support from trainers and instructors, modern exercise equipment, and a sales policy and customer service that have been refined in every detail."
Listed on the Warsaw Stock Exchange, Benefit Systems already owns or has a stake in a number of Polish fitness chains, including Zdrofit, Fabryki Formy, FitFabric and Fitness Academy.
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