Abc Fitness Solutions To Acquire Glofox To Create The Industry-Leading Global Fitness Technology Company
Aug 02, 2022•over 3 years ago
Acquiring Company
ABC Fitness Solutions
Acquired Company
Glofox
Description
ABC Fitness Solutions (ABC), the leading technology and related services provider for the fitness industry, has announced it has entered into a definitive agreement to acquire Glofox, one of the fastest-growing fitness management platforms servicing the boutique gym and studio sector. The strategic combination significantly expands ABC's global reach and amplifies its ability to serve fitness organizations of all sizes with a company that shares its values, commitment to its teams and customers, and proven track record in developing innovative solutions that allow fitness operators to thrive. The transaction is expected to close later this year.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed