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Hong Kong’s 24/7 Fitness acquires Singapore’s Gymmboxx; aims to have 40 branches here in next 3 years

Established in 2010, Gymmboxx has nine 24-hour gyms located in the heartland

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Paige Lim

Paige Lim

Published Sat, Jul 20, 2024 · 05:00 AM
    • Gymmboxx was one of the earlier entrants into Singapore’s 24-hour gym space.
    • Gymmboxx was one of the earlier entrants into Singapore’s 24-hour gym space. PHOTO: GYMMBOXX

    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.

    Singapore SMEsFitnessM&A

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