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196-club Nordic merger signed off
By Kate Cracknell 12 Jun 2014
Low-cost operation Fresh Fitness sits alongside SATS and Elixia under the Health & Fitness Nordic umbrella
In Scandinavia, the merger of SATS, Elixia and Fresh Fitness has been completed following a year-long anti-trust process.
Altor Equity Partners, the private equity fund that acquired the chains, confirmed to Health Club Management that the transaction closed on 6 June, bringing the three brands together under the umbrella of Health & Fitness Nordic.
The combined portfolio now comprises 196 clubs following anti-trust divestments, 567,000 members as at March 2014, and a turnover of NOK2.8bn ($468m ,€345m, £278m) in 2013.
For further details, read the full interview with Reynir Indahl, chair of Health & Fitness Nordic and senior advisor for Altor Equity Partners, in the upcoming July issue of Health Club Management (HCM July 14, p40).
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