SATS ASA: Acquisition of Bare Trening
SATS ASA (“the Company”) has through Fresh Fitness signed an agreement with Kif Trading AS to acquire Bare Trening AS, holding a portfolio of six clubs in the Greater Oslo area. The acquisition is in line with the Company’s strategy of focusing on the capital clusters.
The six clubs, located in Ås, Kalbakken, Sinsen, Romsås, Haugerud and Lier, are relatively small compared to the average SATS club, and fits perfectly into the Fresh Fitness footprint. Closing of the transaction takes place today on 2 November 2020. All Bare Trening memberships and employees will have their employment transferred to Fresh Fitness today.
The Company has signed a total of 14 greenfields and acquisitions with planned openings in 2020, resulting in a net growth of five clubs.
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Stine Klund, Finance and Investor Relations Manager, phone: +47 986 99 259
Malin Selander, Head of Communication & PR, phone: +46 70 426 40 06