Clearwater International advises owners of Exerp on the majority share sale to Technogym

Clearwater International acted as financial advisor to the owners of Exerp in the 50.01% majority share sale to Technogym, with the founders, management and other employees of Exerp to retain a 49.99% ownership.

Exerp is the leading provider of enterprise club management systems for the global fitness and leisure industry. The multi-tenant, modularly built Exerp platform is a standard club management system that acts as the centralised information source and member database for payment collection, reporting, business analysis and customer relations management. The aim of the platform is to transform clients’ businesses by reducing cost, promoting simplicity and fundamentally changing the way fitness operators interact with their members.

Technogym is the leading manufacturer of high-end fitness equipment and solutions for private homes, fitness clubs, hotels, spas, rehabilitation centres, corporate gyms, universities and professional sports facilities.

With the acquisition of Exerp, Technogym will strengthen its digital ecosystem and increase the company’s capability to offer fitness operators a complete solution in order to improve the end user experience.

“We are really excited about this partnership with Technogym, which will allow Exerp to accelerate its global expansion as well as foster innovative software solutions combining membership and training data. This will be essential to improve the customer journey and ultimately the bottom line of our clients.”

Rémi Nodet, CEO and Partner at Exerp

“This deal confirms Technogym’s commitment to digital innovation in the industry and strengthens our strategic approach towards solution selling in order to offer operators the opportunity to generate better profits and to enable end users to get better results in terms of fitness, sport and health. Moreover, the Technogym Ecosystem allows fitness clubs to shape new business models by connecting with insurance, corporate and medical operators.”

Nerio Alessandri, founder and CEO at Technogym

“Exerp’s partnership with Technogym is a textbook example of how a niche Danish software company can accelerate its international growth plans. With this deal, it is very likely that Exerp will win the global enterprise membership system market and with the negotiated deal structure all shareholders, including the founders, management and other shareholders, will keep a substantial part of the upside.”

Andreas Lauth, Partner at Clearwater International