PureGym has announced that the U.S. Bankruptcy Court has approved its acquisition of Blink Fitness.

PureGym will acquire Blink's corporate operations and up to 67 of its locations in New York and New Jersey for $121 million in cash. PureGym also intends to assume certain liabilities.

PureGym chair, Humphrey Cobbold, is hopeful the deal will be completed this year: “We have enjoyed working with and getting to know the Blink Fitness team and are looking forward to working with them to deliver a fantastic fitness experience for members.

“It is also the right moment to pay tribute to the PureGym team who have been involved in our acquisition of Blink Fitness. In getting to this point our team has worked tirelessly over the last few months, with great professionalism and dedication, and I pay tribute to the role they have played in what is a transformational moment for PureGym in the USA."