Vivagym Buys Synergym and Creates Network of More than 450 Gymnasiums on the Iberian Peninsula

Noticias León | Última Hora León, Bierzo y Ponferrada

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The fitness panorama in León is preparing for an unprecedented transformation following VivaGym’s announcement to acquire Synergym International. This operation, still subject to the approval of the regulatory authorities, will allow the company to consolidate a massive network of more than 450 clubs throughout the Iberian Peninsula. In the specific case of León, this merger involves the union of the two most widespread chains of low-cost gymnas…

lavozdelsur.es

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The gym operator VivaGym, backed by the Providence Equity Partners venture capital fund, announced Monday the acquisition of the Synergym chain, also present in the Spanish market. The operation will result in a network that will exceed 450 clubs in the Iberian peninsula, consolidating one of the largest platforms in the fitness sector in the region.

elconciso.es

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The binding agreement between the two Malaga chains and competitors is subject to the approval of the Synergym regulatory authorities progressing towards the 100 million in turnover level after growing 39.2% in the first quarter

Jornal de Negócios

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The operation, which is still subject to approval by the regulatory authorities, brings together two companies with a view to complementing the gin sium segment in Portugal and Spain.