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Viva Leisure opens new sites and completes Fit n Fast Health Clubs acquisition

Viva Leisure opens new sites and completes Fit n Fast Health Clubs acquisition
February 14, 2020

Fitness club owner Viva Leisure Limited has opened two new clubs - hiit republic Wollongong, and Club Lime Shellharbour - extending its “hub and spoke model” in the NSW Illawarra region.

The company has also announced that it has completed the acquisition of the Fit n Fast health clubs, first announced in early December.

Originally expected to complete on or before 31st March, with the satisfaction of all conditions precedent, the settlement completed earlier. This will allow Viva Leisure to bring forward its integration of the newly acquired clubs while also providing earlier than expected financial benefits from the acquisition.

Commenting on the deal, Viva Leisure Chief Executive and Managing Director, Harry Konstantinou stated “we are pleased to have completed the acquisition of the FnF clubs, and we look forward to welcoming their employees, integrating their operations and serving their members. 

“The transaction will significantly expand our market reach and penetration throughout NSW whilst also providing additional sites in the ACT and Victoria.”

With the acquisition now complete, Viva Leisure advises it has 75 operating locations and over 95,000 members, including nine operating hiit republic locations.

Images: hiit republic Wollongong. Courtesy Viva Leisure.

Related Articles

3rd February 2020 - Club Lime beta tests new Life Fitness On Demand

17th December 2019 - Further growth for Viva Leisure with enhanced keyless club entry and launch of dedicated DAB+ radio station

2nd December 2019 - Viva Leisure looks to raise new capital as it announces acquisition of 13 Fit n Fast clubs

12th November 2019 - Viva Leisure expands Queensland operations with addition of two more Healthworks clubs

16th October 2019 - Viva Leisure enters Queensland market with acquisition of eight Healthworks Fitness Centres

28th August 2019 - Viva Leisure 2018/19 financial results exceed prospectus forecasts

8th August 2019 - Viva Leisure launches new app to offer keyless entry into clubs

25th July 2019 - Canberra’s Project Fitness Group to transition to HIIT Republic brand as it joins Viva Leisure stable

22nd July 2019 - Viva Leisure follows ASX listing with acquisition of Fitness 24/7 clubs

8th June 2019 - Investors welcome Viva Leisure’s ASX listing

7th May 2019 - Viva Leisure opens three boutique fitness spaces in Tuggeranong precinct

23rd January 2019 - Viva Leisure looks to continue fitness club expansion through 2019

18th October 2018 - Stock market launch for Club Lime owner Viva Leisure reflects positive fitness industry performance

6th February 2017 - VMO expands fitness club activities with acquisition of Fit n Fast’s media network

20th January 2017 - Fit n Fast introduces new features in upgraded clubs


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