Benefit Systems boosts its fitness club portfolio

27 listopada 2023

Benefit Systems adds 5 Calypso Fitness gyms in Warsaw, Katowice and Bytom to its own club portfolio. As a result, the company will enhance its product offering in major agglomerations, while the number of clubs in its own network in Poland will soon reach 208. The value of the transaction amounts to PLN 22 million, of which PLN 13 million will be paid by Benefit Systems to the other Calypso Fitness S.A. shareholders as part of the deal.

The facilities acquired include: Calypso Fitness Warszawa Adgar (with a surface area of 1,858 m2) in an office building in the Ochota district of Warsaw, Calypso Fitness Warszawa Białołęka in a standalone building with a parking lot (with a surface area of 1,080 m2), Calypso Fitness Bytom (with a surface area of 1,530 m2) in the Agora shopping mall, as well as Calypso Fitness Katowice Silesia (with a surface area of 1,997 m2) and Calypso Fitness Katowice Supersam (with a surface area of 1,828 m2), both located in popular shopping malls.

- Our strong cash position enables us to pursue our strategic plans of a dynamic development of our own network through a series of acquisitions. The number of MultiSport Programme users is constantly growing and we want to provide them with top-tier services and a wide selection of fitness clubs. Following the purchase of 16 facilities earlier this year, after a detailed analysis we decided to acquire another 5 major attractive Calypso Fitness facilities, which are popular among both our sport card users and individual customers. They are the perfect complement to our portfolio in Warsaw and in Silesia, both of which are key markets for our business- says Marcin Fojudzki, Member of the Management Board of Benefit Systems.

The acquisition of 5 Calypso Fitness venues further strengthens Benefit Systems’ own network this year, following the purchase of Gravitan clubs (2) in October, Manufaktura Zdrowia facilities (2) and Studio Energia in recent months, as well as Saturn Fitness (6) and Calypso Fitness (16) clubs in the early 2023.

Benefit Systems is a minority shareholder of Calypso Fitness S.A. (33.33% of shares). The other shareholders are: Camaro FIZAN (50.1%) and CAL Capital sp. z o.o. (16.57%). CAL Capital intends for the funds due to the company as a result of the transaction, amounting to ca. PLN 3.2 million, less the obligatory public law liabilities, to be earmarked for the pursuit of the statutory goals of the MultiSport Foundation established by Benefit Systems.

For additional information about the transaction, visit the “For Investors” section at benefitsystems.pl:

RB 45/2023: Initiation of a process of a review of assets owned by the Calypso Fitness S.A.

RB 53/2023: Update of the process of reviewing options for actions regarding the investment in the associated company Calypso Fitness S.A. – conclusion of an agreement and executive agreements.

Benefit Systems has been operating on the Polish market for over two decades and is one of the leaders in providing non-financial benefits that support employees’ welfare. The company is the creator of the MultiSport Programme, which enables engaging in physical activity in sports facilities throughout the country. The Benefit Systems portfolio also includes the MyBenefit cafeteria platform and the MultiLife wellbeing programme.

For several years now, the company’s sports offer has been developed on foreign markets, including the Czech Republic, Slovakia, Bulgaria, and Croatia. The Benefit Systems Group also operates over 220 fitness clubs in four markets (in Poland it is responsible for the Zdrofit, Fitness Academy, My Fitness Place, Fabryka Formy, StepONE, Total Fitness, FitFabric, Saturn Fitness, Manufaktura Zdrowia and Gravitan networks).

An important area of Benefit Systems activities is promoting an active lifestyle at every stage of life, which is why the company implements initiatives supporting the physical activity of children, adults, and seniors. These goals are implemented, among others, by the MultiSport Foundation. Since 2018, Benefit Systems has been part of the global B Corp initiative bringing together companies involved in solving the most important social problems. More information about the company can be found at https://www.benefitsystems.pl/en/.

Magdalena Potocka

Senior PR Specialist Benefit Systems

888 724 677