The amount of the deal was not disclosed.
The company will use the funds to accelerate its continued growth throughout Latin America through organic and inorganic expansion.
Founded in 1997 by Nicolás Loaiza and Gigliola Aycardi, Bodytech has more than 140 locations in Colombia, Peru and Chile with an offering including:
– full service gyms (via the Bodytech & Sportlife brands),
– high performance gyms (Bodytech Sports Medicine),
– gyms for kids (Bodytech Active Kids) and
– life fitness gym products sold for personal and commercial use.
Full-service gym locations offer advanced cardio and weight training, group classes from indoor cycling to pilates and yoga, swimming pools, and sauna/spa services. In addition, Bodytech has a network of doctors, physiotherapists and nutritionists that provide integrated health services to its members.
Bodytech today has approximately 280,000 customers across 75 locations in Colombia, 18 in Peru, and 48 in Chile.