Hong Kong’s 24/7 Fitness acquires Singapore’s Gymmboxx; aims to have 40 branches here in next 3 years

HONG KONG-based 24/7 Fitness has acquired home-grown fitness chain GymmBoxx for an undisclosed sum, with plans to have 40 branches in Singapore in the next three years.

“Gymmboxx was a good choice (as a target), as both companies have the same business model, operation structure and similar goals in the fitness arena in Singapore,” Ingrid Wong, chief executive of 24/7 Fitness, told The Business Times.

One of Hong Kong’s biggest 24-hour fitness brands, 24/7 Fitness has 100 branches in Hong Kong, 22 in mainland China and two in Macau.