{"id":11315,"date":"2024-03-27T09:47:21","date_gmt":"2024-03-27T08:47:21","guid":{"rendered":"https:\/\/www.hussle.com\/blog\/?p=11315"},"modified":"2024-10-14T09:36:02","modified_gmt":"2024-10-14T08:36:02","slug":"press-release-hussle-acquired-by-egym-wellpass","status":"publish","type":"post","link":"https:\/\/www.hussle.com\/blog\/press-release-hussle-acquired-by-egym-wellpass\/","title":{"rendered":"Press Release: Hussle acquired by EGYM Wellpass"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.22.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.22.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.22.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.22.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<font size=\"-4\">Above: Hussle and EGYM leaders (left to right): Patrick Meininger, Chief Financial Officer at EGYM; Nicolas Stadtelmeyer, Managing Director at EGYM Wellpass; Neil Harmsworth, Chief Operating Officer at Hussle; Philipp Roesch-Schlanderer, Chief Executive Officer at EGYM; and Jamie Ward, Chief Executive Officer at Hussle.<\/font><\/p>\n<h2>UK and European leaders in corporate fitness unite in move to help elevate employee wellbeing across the continent<\/h2>\n<p><b> Munich\/London, 27 March 2024.<\/b> Hussle, the UK fitness marketplace, has been acquired by EGYM, the global fitness technology and corporate health innovation leader. By joining forces, Hussle is now part of the EGYM Wellpass corporate fitness network, a market leader in Europe\u2019s booming fitness market.<\/p>\n<p>Hussle partners with companies to enable them to offer their employees unlimited access to a network of up to 1,500+ gyms, pools, and spas via one discounted pass, covering 96% of UK postcode regions in England, Scotland, Wales and Northern Ireland. This is closely aligned with Wellpass\u2019 vision: to provide all employees on the continent with qualified yet inexpensive products and services to keep fit and healthy in a seamless network of partner facilities. This close alignment made the recent acquisition an attractive move for EGYM.<\/p>\n<p>EGYM CEO Philipp Roesch-Schlanderer remarks: <\/p>\n<blockquote><p>\n&#8220;From our initial conversations, it was evident that Jamie Ward and Neil Harmsworth wanted to genuinely enhance an industry they&#8217;re passionate about when they founded Hussle 13 years ago. Their enduring entrepreneurial spirit, particularly evident during the pandemic, is commendable. Their track record in establishing an outstanding employee wellness company is truly inspiring. The NHS&#8217;s prioritization of prevention over repair provides significant opportunities. We wholeheartedly share this belief and are excited to begin this journey together.&#8221;\n<\/p><\/blockquote>\n<p>Jamie Ward, Hussle\u2019s CEO, says:<\/p>\n<blockquote><p>\n\u201cFrom the moment I met Philipp and his team I knew that EGYM\u2019s proposition was game changing. As I got to understand EGYM\u2019s products better and listened to their vision I realised I was looking at the future and I wanted Hussle to be a part of it. We started Hussle back in 2011 to make fitness easily available to everyone. Our vision has always relied on a super strong fitness industry and the EGYM team shares that core belief. We\u2019re delighted to help evolve EGYM\u2019s vision into reality. We\u2019re just getting started. There will be huge things to come.\u201d\n<\/p><\/blockquote>\n<p>Neil Harmsworth, Hussle\u2019s COO, adds: <\/p>\n<blockquote><p>\n\u201cThis is a landmark deal for the UK employee benefits market and for the wider fitness industry.  By combining the joint expertise of EGYM Wellpass and the Hussle team we can dramatically improve the range of inclusive, affordable, multi-venue wellness options available to employers across the UK.\u201d\n<\/p><\/blockquote>\n<p>Wellpass managing director Nicolas Stadtelmeyer says: <\/p>\n<blockquote><p>\n&#8220;We warmly welcome Jamie, Neil, and the entire Hussle team to EGYM. Our mission is to foster health and wellbeing in every workplace. With over 32 million employees and a \u20ac2.55 billion corporate wellness market, stepping into the UK market was a logical and strategic move. Following our entry into France, we now encompass the three largest European economies. The future holds great excitement for us.&#8221;\n<\/p><\/blockquote>\n<h2>Dynamic market growth<\/h2>\n<p>The employee benefits arm of Hussle\u2019s business grew by over 250% in 2023, and that trend is set to continue in 2024. Almost one million individuals in the UK have worked out using Hussle, enabling them to reap the benefits that fitness activities can have, both on physical and mental wellbeing. The United Kingdom corporate wellness market is expected to grow at a compound annual growth rate of 4.72%, thereby reaching a market size of nearly \u00a33 billion (\u20ac3.4 billion) over the next five years. <\/p>\n<p>Industry experts anticipate a robust global average annual growth rate of seven percent in the corporate wellness market until 2029, projecting it to exceed \u20ac73 billion. The demand is poised to escalate as an increasing number of businesses across all sectors initiate wellness programs for their employees. <\/p>\n<p>These workplace wellness initiatives not only enhance productivity but also curtail the expenses associated with sick leaves. Participation in fitness is also closely linked to increased chances of career success, enhanced cognitive function and greater levels of productivity at work. For these reasons, and more, companies should see employee fitness benefits not as a cost, but an investment. <\/p>\n<h2>How it works<\/h2>\n<p>Companies sign a framework agreement with Hussle or EGYM Wellpass and determine for themselves the personal contribution that their employees pay for participation. After registering, they have immediate access to currently around 14,500 exercise facilities in Germany, Austria, the UK, France, and Belgium and a constantly growing range of online courses. Usable tax benefits further reduce costs for employees. Thanks to this attractive offer, corporate fitness reaches particularly those people who were not previously active in sports. Therefore, it is not only the fitness clubs, the employees and the employers who benefit from the positive effect, but entire national economies.<\/p>\n<p>The parties involved have agreed not to disclose the purchase price.<\/p>\n<h3>About EGYM<\/h3>\n<p>EGYM is a global leader in fitness technology and corporate wellness with the vision of transforming healthcare from repair to prevention. EGYM partners with companies to improve employee health by providing access to fitness and health facilities. And they equip facilities with smart gym equipment and digital solutions that offer an AI-driven workout experience for people of all skill levels. Corporates benefit from reduced healthcare costs and increased productivity, and clubs from a growing membership base that stays engaged.<\/p>\n<p><a href=\"https:\/\/www.egym.com\"><b>www.egym.com<\/b><\/a><\/p>\n<h3>About EGYM Wellpass<\/h3>\n<p>For employers, EGYM offers subscription-based corporate health and wellness solutions under the EGYM Wellpass brand. Employees gain access to high-quality sports and health facilities as well as EGYM training programs and thus benefit from improving their overall health. Employers prevent costly illnesses, invest in higher productivity, and enhance the well-being of their workforce.<\/p>\n<p><a href=\"https:\/\/www.egym-wellpass.com\"><b>www.egym-wellpass.com<\/b><\/a><\/p>\n<h3>About Hussle<\/h3>\n<p>Hussle provides employers with a highly inclusive, affordable corporate wellness solution at a network of 1,500 gyms and health clubs across the UK. By collaborating with Hussle, employers can boost employee engagement with health and fitness and enjoy greater productivity, more competitive recruitment and retention of staff, and improved mental health across their organization.  Hussle achieves this thanks to the huge geographic coverage of the Hussle network so that your team members always have a place to workout, including a wide range of different facility types, across a variety of price points to suit employees from entry-level to c-suite.<\/p>\n<p><a href=\"https:\/\/www.hussle.com\/employers\"><b>www.hussle.com\/employers<\/b><\/a><\/p>\n<h3>Contact<\/h3>\n<p>Dr Hans Juergen Croissant<br \/>\nEGYM Corporate Spokesperson<br \/>\n<a href=\"mailto:hans-juergen.croissant@egym.de\"><b>hans-juergen.croissant@egym.de<\/b><\/a><br \/>\n+49 89\/9213105-19[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Above: Hussle and EGYM leaders (left to right): Patrick Meininger, Chief Financial Officer at EGYM; Nicolas Stadtelmeyer, Managing Director at EGYM Wellpass; Neil Harmsworth, Chief Operating Officer at Hussle; Philipp Roesch-Schlanderer, Chief Executive Officer at EGYM; and Jamie Ward, Chief Executive Officer at Hussle. UK and European leaders in corporate fitness unite in move to [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":11321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[224,3,96],"tags":[],"acf":[],"infloai":null,"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hussle Acquired by EGYM Wellpass | The Hussle Blog<\/title>\n<meta name=\"description\" content=\"Press Release: Hussle acquired by EGYM Wellpass - Find Out More And Visit Hussle Today For Gym Passes &amp; Memberships Near You.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hussle.com\/blog\/press-release-hussle-acquired-by-egym-wellpass\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hussle Acquired by EGYM Wellpass | The Hussle Blog\" \/>\n<meta property=\"og:description\" content=\"Press Release: Hussle acquired by EGYM Wellpass - 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