eGym: eGym nets €25m for research and development

Sport, parks and leisure - eGym: eGym nets €25m for research and development

13 May 2024 Sport, parks, & leisure: daily news and jobs

FREE DIGITAL SUBSCRIPTION

PRINT SUBSCRIPTION

ADVERTISE

Featured Suppliers

Product news

04 Jan 2018

eGym nets €25m for research and development

Supplier: eGym
More eGym details

eGym nets €25m for research and development

The European Investment Bank's Ambroise Fayolle (left) with eGym CEO Philipp Roesch-Schlanderer

photo: eGym

Fitness kit and software supplier eGym will receive up to €25m (US$30m, £22.2m) in financing to support its R&D and engineering.

The investment from the European Investment Bank (EIB) will also facilitate the expansion of eGym’s assembly and production facility.

eGym was founded seven years ago in Munich, Germany, but now operates across 13 European countries and the US.

It manufactures electric resistance machine circuits supported by software updates and utilises an open cloud platform to connect machines produced by third parties, in order to optimise fitness training and monitoring.

“eGym uses cutting-edge technology to create complete fitness ecosystems, which will help improve European citizens' access to the best available wellbeing and health equipment," said Ambroise Fayolle, vice-president of the EIB responsible for Germany.

"Supporting young and innovative businesses on their way into growth is one of the priorities of the EU bank because these companies create the employment for the future."

eGym chief executive Philipp Roesch-Schlanderer said: “From day one it's been eGym’s vision to make the gym work for everyone and provide users with the best training experience possible.

“Today, we see that prevention and improving personal levels of fitness are becoming more and more important for large audiences.”

Supplier: eGym
London UK
eGym has developed a unique cloud-based, ecosystem of software and smart connected gym equipment for health clubs and other fitness facilities – delivering great results for members and higher profits for owners. By integrating software training programmes into strength training equipment, eGym offers in-depth member training information through the eGym Trainer app and eGym Fitness app. eGym’s automated training experience has progression built-in to ensure every training plan is optimised for each individual’s goals and needs, resulting in improved member motivation and engagement.

Web: www.egym.co.uk/business
More eGym details

Product news

		10 May 2024 We’re here to support gyms in their race towards Net Zero, says Energym Energym’s flagship product, the RE:GEN Studio, is an indoor bike that captures the energy from workouts and converts it into clean, usable power.

		10 May 2024 Skillup targets the entire body with focus on upper body muscles Technogym has released Skillup, an ergometer designed to target the entire body, with a focus on the muscle groups of the upper back, chest and arms, by simulating the actions of cross country skiing.

		10 May 2024 Leverage Squat Machine facilitates deeper squats says Skelcore Skelcore, a Miami-based fitness equipment manufacturer, has announced its newest release: the Leverage Squat Machine.

		10 May 2024 Portable device from Hyperice delivers on-the-go muscle recovery Hyperice recently introduced its newest product: the Normatec Lower Legs.

		10 May 2024 Klafs launches all-new Taras outdoor sauna Klafs has introduced the Taras outdoor sauna to offer a blend of functionality and style.

		22 Apr 2024 Keiser A400 resistance will empower fitness enthusiasts Keiser has released a new line of resistance equipment designed to give real-time feedback and data analytics.

		12 Apr 2024 MyEquilibria combines art and outdoor exercise "We summarise what we do in two words – functional art," says Gian Luca Innocenzi, CEO and founder of MyEquilibria, which specialises in high-end outdoor exercise equipment.

		12 Mar 2024 Slacklining will transform fitness in the UK Gibbon Slacklines has officially launched in the UK, introducing two flagship products: the Giboard and the SlackRack.

More product news>>

Company profile

Physical

Physical is the UK’s go-to, one-stop shop for commercial grade fitness equipment and flooring, with over three decades’ experience in functional training and free weights, small group training and group exercise.

View full profile>>

Catalogue gallery

Gharieni2023

Featured Supplier

Empower your team, transform your service – elevate with coaching workshops

In today's competitive fitness landscape, the key to success lies not only in providing exceptional facilities but also in cultivating meaningful interactions with members. More>>

in this issue

• Virgin gets right to wipe out rent arrears
• Fitness industry mourns passing of Jan Spaticchia
• STA offers mindfulness resources

View digital edition>>

Latest jobs


	Jobs Search

Commercial Fitness Manager
Salary: £46,464 - £49,497pa + excellent benefits package
Location: Warrington, UK
Company: Warrington Borough Council

Exercise Referral Co-ordinator
Salary: £Excellent salary + benefits
Location: Horfield, Bristol, UK
Company: Everyone Active

More jobs>>

Diary dates

13-16 May 2024

W3Spa EMEA

Conrad Chia Laguna Sardinia , Italy

More dates>>