Technogym to debut at Milan Stock Exchange on May 3rd

Technogym to debut at Milan Stock Exchange on May 3rd

Technogym, a world leader company in fitness and wellness solutions, will debut at the Milan Stock Exchange on May 3rd 2016. The minority shareholder – the British investment fund Arle – will sell 28.75% of the total share capital of Technogym, while the Alessandri family will retain the majority of 60% share capital.

“I believe that wellness represents a current economic mega trend and a social opportunity for Goverments, Operators and Citizen to promote health and prevention” commented Nerio Alessandri and added “the Technogym listing represents a milestone not only for our company history, but for the entire fitness and wellness industry”.

Milan’s Stock Exchange bell will ring at 9AM on Tuesday May 3rd, and staring form then, everyboby will be able to become Technogym shareholder.

Founded in 1983, Technogym provides a complete range of cardio, strength and functional equipment alongside a cloud-based digital platform enabling consumers to connect with their personal wellness experience anywhere, both on Technogym equipment and via mobile apps on any device. Technogym targets 4 specific market segments: Fitness Clubs; Hospitality & Residential; Health, Corporate & Public (HCP); and Consumer.

Technogym is the Exclusive and Official supplier of training equipment to the Rio 2016 Summer Olympic Games and also supplied the previous four Summer Olympic Games (Sydney 2000, Athens 2004, Beijing 2008 and London 2012) as well as the Turin 2006 Winter Games.

The Company employs about 2,000 people in 14 branches across Europe, the United States, Asia, the Middle East, Australia and South America, exporting more than 90% of production to over 100 countries.