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Abc Fitness Solutions To Acquire Glofox To Create The Industry-Leading Global Fitness Technology Company

Aug 02, 2022over 3 years ago

Acquiring Company

ABC Fitness Solutions

Acquired Company

Glofox

DublinSoftwareOtherInformation Technology

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.

Company Information

Company

ABC Fitness Solutions

About

Formerly ABC Financial, ABC Fitness Solutions offers gym management software solutions and services for fitness clubs, gyms, and studios.

M&A Insights

Based on deal data
Integration 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