April 14, 2021
Brazil's Smart Fit and Mexico's Sports World said Tuesday that they agreed to study a possible merger between the two fitness chains in Mexico, according to securities filings.
The merger would create a company with 230 gyms in "several states" in Mexico, subject to regulatory approval, the two companies said in separate statements. The merger would not involve Smart Fit's business in Brazil.
"The two companies expect to generate relevant synergies with a potential increase in profitability and
Brazilian and Mexican fitness chains could create a new company with 230 gyms in several states