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FIT TECH News

iFIT makes big move in digital fitness with acquisition of Kayla Itsines' Sweat app

By
iFIT Health & Fitness has acquired Sweat, the popular, female-focused fitness platform
Founded by Australian fitness trainer and entrepreneur Kayla Itsines, the app has been downloaded more than 30 million times
The Sweat platform offers more than 5,000 unique workouts across 26 exercise programmes
Sweat content will now be added to the iFIT platform, which is available for health clubs on Freemotion-branded equipment
Credit: Instagram/kayla_itsines
iFIT is a global health and fitness technology company that will invest in Sweat to strengthen our member experience, they will also help us expand into other countries and help to diversify our workout content
– Kayla Itsines

iFIT Health & Fitness has acquired Sweat, the popular, female-focused fitness platform set up in 2015 by Australian fitness trainer and entrepreneur Kayla Itsines and co-founder Tobi Pearce.

The deal is believed to be worth around US$400m and will see Sweat become a standalone brand in the iFIT portfolio – which already includes the iFIT digital platform, commercial equipment provider Freemotion, home fitness brands NordicTrack and ProForm and strength line Weider.

The Sweat platform offers more than 5,000 workouts across 26 exercise programmes, ranging from HIIT and strength to yoga, barre and Pilates.

The Sweat app has been downloaded more than 30 million times since its launch and in 2020 it generated around US$99m in revenue, with most of it coming from the US market.

All of the content generated by Sweat and its team of personal trainers will now be available on the iFIT platform.

The move is part of iFIT's strategy to provide an omnichannel fitness experience, delivering content from its iFIT digital platform across health clubs, at home and on the go.

It also comes just weeks after iFIT completed a rebrand, changing its name from Icon Health & Fitness, which it had held since its launch more than 40 years ago. Founded in 1977, iFIT is one of the world's largest manufacturers of exercise equipment.

According to Scott Watterson, CEO and Founder of iFIT, the acquisition will provide opportunities for iFIT and Sweat to collaborate on content development, resulting in an increased range of exciting fitness experiences.

“Kayla, Tobi and the team at Sweat have built an incredible brand and community of fitness enthusiasts,” Watterson said.

"This acquisition extends our market reach into new geographies, demographics and fitness preferences spanning both home and commercial markets globally.

“The addition of Sweat will allow iFIT to further expand our membership base as well as add new fitness genres and modalities to our fast-growing subscription business, giving our company a tremendous competitive advantage.”

Kayla Itsines, Sweat co-founder, said: "I’m so excited to start the next chapter in Sweat’s journey and join the iFIT family of brands.

"iFIT is a global health and fitness technology company that will invest in Sweat to strengthen our member experience, they will also help us expand into other countries and help to diversify our workout content, which is so exciting.

“iFIT’s acquisition has opened the door to an exciting new future for Sweat where we can deliver greater fitness variety, choice and value for women everywhere.

"I will still be your trainer and all of our programmes are not changing or going anywhere."

Sign up here to get Fit Tech's weekly ezine and every issue of Fit Tech magazine free on digital.
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FIT TECH News

iFIT makes big move in digital fitness with acquisition of Kayla Itsines' Sweat app

By
iFIT Health & Fitness has acquired Sweat, the popular, female-focused fitness platform
Founded by Australian fitness trainer and entrepreneur Kayla Itsines, the app has been downloaded more than 30 million times
The Sweat platform offers more than 5,000 unique workouts across 26 exercise programmes
Sweat content will now be added to the iFIT platform, which is available for health clubs on Freemotion-branded equipment
Credit: Instagram/kayla_itsines
iFIT is a global health and fitness technology company that will invest in Sweat to strengthen our member experience, they will also help us expand into other countries and help to diversify our workout content
– Kayla Itsines

iFIT Health & Fitness has acquired Sweat, the popular, female-focused fitness platform set up in 2015 by Australian fitness trainer and entrepreneur Kayla Itsines and co-founder Tobi Pearce.

The deal is believed to be worth around US$400m and will see Sweat become a standalone brand in the iFIT portfolio – which already includes the iFIT digital platform, commercial equipment provider Freemotion, home fitness brands NordicTrack and ProForm and strength line Weider.

The Sweat platform offers more than 5,000 workouts across 26 exercise programmes, ranging from HIIT and strength to yoga, barre and Pilates.

The Sweat app has been downloaded more than 30 million times since its launch and in 2020 it generated around US$99m in revenue, with most of it coming from the US market.

All of the content generated by Sweat and its team of personal trainers will now be available on the iFIT platform.

The move is part of iFIT's strategy to provide an omnichannel fitness experience, delivering content from its iFIT digital platform across health clubs, at home and on the go.

It also comes just weeks after iFIT completed a rebrand, changing its name from Icon Health & Fitness, which it had held since its launch more than 40 years ago. Founded in 1977, iFIT is one of the world's largest manufacturers of exercise equipment.

According to Scott Watterson, CEO and Founder of iFIT, the acquisition will provide opportunities for iFIT and Sweat to collaborate on content development, resulting in an increased range of exciting fitness experiences.

“Kayla, Tobi and the team at Sweat have built an incredible brand and community of fitness enthusiasts,” Watterson said.

"This acquisition extends our market reach into new geographies, demographics and fitness preferences spanning both home and commercial markets globally.

“The addition of Sweat will allow iFIT to further expand our membership base as well as add new fitness genres and modalities to our fast-growing subscription business, giving our company a tremendous competitive advantage.”

Kayla Itsines, Sweat co-founder, said: "I’m so excited to start the next chapter in Sweat’s journey and join the iFIT family of brands.

"iFIT is a global health and fitness technology company that will invest in Sweat to strengthen our member experience, they will also help us expand into other countries and help to diversify our workout content, which is so exciting.

“iFIT’s acquisition has opened the door to an exciting new future for Sweat where we can deliver greater fitness variety, choice and value for women everywhere.

"I will still be your trainer and all of our programmes are not changing or going anywhere."

Sign up here to get Fit Tech's weekly ezine and every issue of Fit Tech magazine free on digital.
More fit tech news
Hybrid fitness platform FitLab has closed its Series A financing, bringing total capital raised to more than US$15m. FitLab will ...
Boutique chain Trib3 will become one of the first fitness operators to establish a presence in the metaverse, making its ...
At-home fitness brand NordicTrack from iFIT has launched what it says are the first voice-controlled, adjustable dumbbells to work with ...
Wellness operator and fit tech company, LIT Method, (low-intensity training) is ramping up expansion after launching into the franchising market. ...
PROMOTION
The ‘health seeker’ is a term being used a lot within fitness right now, as recent surveys have shown. At ...
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4 Global – a partner in the Moving Communities initiative – has completed an initial public offering (IPO) on the London ...
Myzone has secured a US$17.2m worth of investment from growth capital investor BGF – a move that values the brand ...
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Technogym | Fit Tech promotion
Technogym | Fit Tech promotion