Life Fitness’ parent company, Brunswick Corporation, acquires Cybex for $195 Million on January 20, 2016.
In an email sent today from Cybex, Art Hicks Cybex CEO and Chris Clawson President of Life Fitness announced their excitement that Cybex has joined the Life Fitness portfolio and they are now “a unified force”.
Cybex, whose 2015 sales are estimated at about $169 million, adds a strong list of products including the ARC and SPARK Trainer to the Life Fitness family of products.
In July, Life Fitness acquired SciFit Systems Inc., which provides products and equipment for those who are actively aging or need medical-related or rehab fitness.
Brunswick President Mark Schwabero noted that the Cybex acquisition is consistent with Brunswick’s plan to double revenue of its Life Fitness division by 2020. These recently completed acquisitions complement a relentless focus on new products and services within Life Fitness’ core cardio and strength equipment businesses.