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)

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