ABC Fitness Solutions of Sherwood, which provides gym management software and membership services to commercial and franchise health and wellness facilities, announced Tuesday that it will acquire Glofox, a fitness management platform servicing boutique gyms and studios.
The transaction is expected to close later this year, and financial details were not disclosed, but The Irish Times reports that the deal is worth about $204 million.
ABC Fitness Solutions said the deal would expand its global reach and allow it to better serve fitness organizations of all sizes. The firm also said Glofox shares its values, commitment to its teams and customers, and has a proven track record in developing innovative solutions that allow fitness operators to thrive.
Glofox, headquartered in Dublin, Ireland, was founded by former professional rugby player Conor O'Loughlin and his colleagues, Finn Hegarty and Anthony Kelly. All three will continue in leadership roles at the combined business.
Glofox's all-in-one platform is designed to allow users to manage all aspects of their business with a streamlined, easy-to-use experience for members and staff. It employs 220 people in 80-plus countries.
“Its range of solutions, focus on the boutique gym and studio sector, and impressive international reach are compelling and will help cement ABC’s position as a truly global solution provider within the fitness industry,” said Bill Davis, CEO of ABC Fitness Solutions, in a news release. “When combined with our existing strength in North and Latin America, as well as our market-leading software solutions for the personal trainer and commercial fitness club sectors, we now have a combined offering greater than the sum of its parts and unrivaled by any company in the industry.”
Together, the firms will provide products and services for 31 million members across more than 24,000 fitness locations. Post-merger, each will continue to focus on the respective fitness sectors they serve.