Categories: India

BRIEF-Basic-Fit Buys Clever Fit For EUR 160 Mln In Cash, EUR 15 Mln Earn-Out

Oct 27 (Reuters) – Basic-Fit NV: * ACQUIRES CLEVER FIT, ENTERING FRANCHISE MARKET AND SECURING GERMAN MARKET LEADERSHIP * CLOSING IS EXPECTED BEFORE YEAR-END; NO REGULATORY APPROVAL IS REQUIRED * PURCHASE PRICE OF EUR 160 MILLION IN CASH AND EUR 15 MILLION EARN-OUT * GUIDANCE FOR 2025 REMAINS UNCHANGED * OWNED CLUB EXPANSION REDUCED FROM 100 TO 50 CLUBS IN 2026 * OUTLOOK 2026: EXPECT A LEVERAGE RATIO OF JUST ABOVE 2.0 TIMES Source text: tinyurl.com/nhypm723 Further company coverage: (Gdansk Newsroom)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Recent Posts

Greenpeace stages protest in Milan as torch arrives in the city

VIDEO SHOWS: GREENPEACE STAGE A PROTEST IN MILAN AHEAD OF THE OLYMPIC TORCH ARRIVING IN…

14 minutes ago

How to get houseplants through the colder months of the year

Less is more when it comes to caring for houseplants during the darker months. Choosing…

21 minutes ago

Wireless sensors aim to boost ski-jump technique with instant feedback

VIDEO SHOWS: SKI JUMPING / DRONE SHOTS OF SKI JUMPING / SKI JUMPERS TRAINING /…

25 minutes ago

'Today' show's Savannah Guthrie pleads for safe return of missing mother

By Erica Stapleton and Steve Gorman TUCSON, Arizona, Feb 4 (Reuters) - Popular U.S. morning…

34 minutes ago

Wireless sensors aim to boost ski-jump technique with instant feedback

VIDEO SHOWS: SKI JUMPING / DRONE SHOTS OF SKI JUMPING / SKI JUMPERS TRAINING /…

37 minutes ago

Taiwan's ASE sees its advanced packaging business doubling to $3.2 billion in 2026

TAIPEI, Feb 5 (Reuters) - ASE Technology Holding, the world's largest chip packaging and testing…

1 hour ago