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International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 11:34

Lithuania’s fitness chain Impuls buys Estonia’s Arctic Sport

BC, Vilnius, 27.11.2015.Print version
Impuls LTU, the operator of Lithuania’s biggest fitness chain, this week has signed a share purchase agreement with Arctic Sport, the operator of sports clubs in Estonia, reports LETA/BNS.

Once the deal is closed, Impuls will become the first company with sports clubs’ operations in all three Baltic countries, the Verslo Zinios business daily reports on Friday.

 

The transaction, the value of which has not been disclosed, still needs clearance from the Estonian competition regulator.

 

According to Impuls LTU director Vidmantas Siugzdinis, the acquisition of the Estonian company will be financed with the resources provided by Nordea and BaltCap Lithuania SME Fund.

 

Impuls group expects its sales revenues to grow by 23% this year – to 11 million euros, from 8.9 million euros in 2014.






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