LifeFit Group acquires three premium Elixia fitness clubs in Berlin, expanding its portfolio to 215 clubs and enhancing its premium offerings.

Information on the Target

The LifeFit Group has continued its Buy-and-Build strategy by acquiring three premium fitness clubs under the Elixia brand in Berlin. This acquisition follows the previous integration of FIT/One clubs into the Fitness First network, marking it as the fourth transaction for LifeFit Group in this year. With this latest addition, LifeFit Group's portfolio now includes 215 fitness clubs catering to over 700,000 members.

The Elixia fitness clubs located in Berlin-Lichterfelde, Hellersdorf, and Wilmersdorf feature expansive studio spaces of up to 5,000 square meters at each site. Each facility is equipped with modern training areas, a wide range of classes, a 25-meter sports pool, and a comprehensive wellness area.

Industry Overview in Germany

The fitness industry in Germany has shown consistent growth over recent years, driven by an increasing awareness of health and wellness among the population. The sector encompasses a diverse range of offerings, from budget-fri