HONG KONG-based 24/7 Fitness has acquired home-grown fitness chain GymmBoxx for an undisclosed sum, with plans to have 40 branches in Singapore in the next three years.
“Gymmboxx was a good choice (as a target), as both companies have the same business model, operation structure and similar goals in the fitness arena in Singapore,” Ingrid Wong, chief executive of 24/7 Fitness, told The Business Times.
One of Hong Kong’s biggest 24-hour fitness brands, 24/7 Fitness has 100 branches in Hong Kong, 22 in mainland China and two in Macau.
