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FIT TECH News

Core Health & Fitness acquires Wexer

By
Core Health & Fitness has acquired digital fitness content provider Wexer Holding
Wexer said the deal will provide it with the funding to scale its business
Core will also use Wexer as a vehicle for significant acquisitions to consolidate the digital fitness sector
Core is a portfolio company of US-based private equity firm Gainline Capital

Core Health & Fitness has acquired Digital fitness content provider, Wexer Holding, for an undisclosed sum.

According to Wexer, the deal will provide it with the "funding to scale its business" and drive digital adoption across the global health club sector.

Core Health & Fitness – a portfolio company of US-based private equity firm Gainline Capital Partners – said it will now use Wexer as a vehicle for significant acquisitions to consolidate the digital fitness sector.

Jason Leone, president of Core, said: “Coming out of COVID-19, commercial customers across gym and vertical market categories are placing an increased emphasis on connected fitness.

"Though many consumers are returning to in-person workouts, they expect to continue to complement these with connected fitness workouts, highlighting the importance of delivering an omnichannel experience.”

Paul Bowman, Wexer CEO, added: “This is a momentous step for Wexer, simultaneously granting us the support, investment and distribution we need to dramatically scale our business and accelerate towards our mission of hybridising the fitness industry.

“The opportunity to work closely with Core Health & Fitness, collaborating across its portfolio of globally recognised brands to build an even more diverse digital ecosystem, is another huge benefit of this acquisition."

Core is a specialist in commercial fitness equipment whose brands include StairMaster, Schwinn, Nautilus, Star Trac and Throwdown.

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Capitalising on Schwinn’s decades of experience and iconic leadership in commercial indoor cycling, Core Health & Fitness announces the arrival of its next generation of indoor cycling bikes – Schwinn X and Z.
ACTIV, a gym chain in Riyadh, Saudi Arabia, which operates separate gyms for men and women, has partnered with digital management solution expert Fisikal to create a custom branded experience for its members.
Virtuagym is a global provider of health and fitness technology for coaching, engagement and management ...
We develop staff that enhance the culture, experience and reputation of your business which in ...
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Mindbody, Inc
Never miss a customer with Messenger[ai]. Read more
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Flooring
Wearable technology solutions
Salt therapy products
On demand
Lockers/interior design
25-26 Sep 2022
Bespoke, San Francisco, United States

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Core Health & Fitness acquires Wexer

By
Core Health & Fitness has acquired digital fitness content provider Wexer Holding
Wexer said the deal will provide it with the funding to scale its business
Core will also use Wexer as a vehicle for significant acquisitions to consolidate the digital fitness sector
Core is a portfolio company of US-based private equity firm Gainline Capital

Core Health & Fitness has acquired Digital fitness content provider, Wexer Holding, for an undisclosed sum.

According to Wexer, the deal will provide it with the "funding to scale its business" and drive digital adoption across the global health club sector.

Core Health & Fitness – a portfolio company of US-based private equity firm Gainline Capital Partners – said it will now use Wexer as a vehicle for significant acquisitions to consolidate the digital fitness sector.

Jason Leone, president of Core, said: “Coming out of COVID-19, commercial customers across gym and vertical market categories are placing an increased emphasis on connected fitness.

"Though many consumers are returning to in-person workouts, they expect to continue to complement these with connected fitness workouts, highlighting the importance of delivering an omnichannel experience.”

Paul Bowman, Wexer CEO, added: “This is a momentous step for Wexer, simultaneously granting us the support, investment and distribution we need to dramatically scale our business and accelerate towards our mission of hybridising the fitness industry.

“The opportunity to work closely with Core Health & Fitness, collaborating across its portfolio of globally recognised brands to build an even more diverse digital ecosystem, is another huge benefit of this acquisition."

Core is a specialist in commercial fitness equipment whose brands include StairMaster, Schwinn, Nautilus, Star Trac and Throwdown.

More fit tech news
ABC Fitness Solutions has appointed Sharad Mohan as chief SaaS officer. Mohan was previously co-founder and MD of Trainerize, which ...
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Capitalising on Schwinn’s decades of experience and iconic leadership in commercial indoor cycling, Core Health & Fitness announces the arrival ...
Strava, a leading social platform for athletes, has acquired Recover Athletics, a startup providing evidence-based prehab workouts to runners. The ...
Ness, a US startup that is developing a range of wellness-driven credit cards, has launched its first product, the Ness ...
Tillt, an athletic performance-based betting app – where runners get paid if they win – has been launched by co-founders ...
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