23.9 C
Bucharest
May 22, 2022
BUSINESS BUSINESS COMPANIES ECONOMY

Gympass acquires Andjoy and 7Card as it expands European footprint

Combined, Andjoy and 7Card represent over 1,400 corporate clients and 2,800 wellbeing partners, and deal will see Gympass expand its European business 

 

 

Gympass, the world’s largest corporate wellbeing platform, on Wednesday announced its acquisition of both Andjoy in Spain, and 7Card, in Romania, expanding its business footprint in Europe.

7Card is a leader within the Romanian wellbeing market, with over 1,000 corporate clients and more than 600 wellbeing partners, it presents the ideal addition to the Gympass business in order to expand its footprint in a new market and continue with its mission to make wellbeing universal.

The acquisition of Andjoy, a corporate wellbeing platform founded in Barcelona in 2013, that has grown to include 2,200 wellbeing partners, will further solidify Gympass’ position in Spain, bringing on board more than 400 corporate clients, such as Glovo and Iberdrola and new partners, including CET10, Aiguajoc and many others in the Catalonia region.

Andjoy was considered one of the first corporate wellness platforms in Spain, and this latest move will expand on Gympass’ already excellent network of partners, particularly in Barcelona, bolstering its offering for users, whilst also helping to reach new clients.

 “These acquisitions continue our exciting progress at Gympass, expanding our business in Europe as we continue to grow worldwide,” said Cesar Carvalho, co-founder and CEO at Gympass, “Andjoy will enable us to offer an even better service to our clients in Spain, and we see Romania as an exceptional opportunity to expand and revolutionise the wellbeing market there.”

“We’re very excited to be a part of Gympass’ journey,” said Dan Moraru, Commercial Director at 7Card, “we have a very similar vision for the future and our clients and partners will no doubt see the benefits of us working together. Through this acquisition we’ll reach new audiences and continue to grow, eliminating barriers to activity and promoting healthy habits.”

As part of the acquisitions, Gympass and Sodexo will also sign a commercial agreement, building on a relationship first developed in 2014, enabling Sodexo to offer the Gympass platform to its clients across the globe, with an initial focus in Spain, Romania and the UK, in addition to an existing partnership in Brazil.

Gympass has continued to grow at pace, as the company expanded its offering during the pandemic and secured a further $220m in funding in June 2021, with the latest acquisitions follow hot on the heels of the acquisition of Trainiac, a leader in 1-on-1 online personal training, in December 2021.

 

 

Related posts

Death toll rises in Europe

Nine O' Clock

Heinrich Vystoupil: We must stop the losses in Tarom

Nine O' Clock

Norofert’s shares start trading on the AeRO market of Bucharest Stock Exchange

NINE O'CLOCK