Established in 2004, Exercite operates across four brands, including Hansefit, a leading corporate health and wellness network provider in Germany; Bedrijfsfitness Nederland (BFNL) and Workit, two leading corporate health and wellness network providers in the Netherlands; and Fitbase, a provider of online, digital wellbeing courses based in Germany. Together, the brands provide access to a large network of gyms, fitness studios, swimming pools, spa services and physiotherapist centers to more than 2.5 million employees, alongside an array of digital offerings in mindfulness, sports and wellbeing.

The combination of Epassi and Exercite creates one of Europe’s largest independent employee benefits providers, adding more than 7,000 corporate customers and over 12,000 merchants to Epassi’s growing portfolio. The combined group will serve approximately 20,000 companies across seven countries in Europe (Germany, Finland, Sweden, Italy, Netherlands, UK and Ireland), enabling their employees to redeem a comprehensive range of benefits from over 74,000 merchants.

“Our aim is to become the leading pan-European multi-benefits provider, and this acquisition will be instrumental to achieving this goal. Building on this significant milestone, we are excited to further accelerate our growth in partnership with TA and Warburg Pincus and to warmly welcome all new colleagues from Exercite to join the Epassi family", said Pekka Rantala, CEO of Epassi.

“After a very successful partnership with Waterland, this marks an exciting new chapter in our history. We look forward to working closely alongside Epassi, as well as TA and Warburg Pincus, to continue to provide our corporate customers, employees and network partners with best-in-class health and wellness offerings. We particularly look forward to leveraging Epassi’s mobile platform to expand Exercite into a broader multi-benefit provider”, added Dr. Alexander Wellhöfer, CEO of Exercite.

“With the acquisition of Exercite, Epassi expands its geographic footprint to include Germany and the Netherlands, solidifying it as a pan-European, digital-first platform for employee benefits payments. We are thrilled to mark the start of our partnership with this positive contribution to growth and margins, and look forward to continued collaboration with the Epassi, Exercite and Warburg Pincus teams”, stated Naveen Wadhera, Managing Director, Max Cancre, Director, and Laurent Indekeu, Vice President, at TA.

“Our journey with Exercite began with the ambition to create a leader for corporate fitness and digital health services. The company has not only achieved this goal but also expanded its reach in Europe through strategic acquisitions. Joining an international group marks a new chapter of growth and innovation for Exercite”, explained Dr. Gregor Hengst, Managing Partner at Waterland.

“Together with Waterland and our ambitious management team, we managed to bring Hansefit and Exercite Group to the next level while maintaining our strong commitment to our customers and partners”, concludes Jens Pracht, founder of Hansefit.

Source: Waterland
Picture: Epassi Group