Locked content Benefit Systems unit buys Masovian Sports Center and NewCo3

Fit Invest, a subsidiary of employee benefits program operator Benefit Systems, acquired 100 percent stake in Masovian Sports Center and in NewCo3 from Glastonbury Ventures Limited (GVL), Benefit Systems said. The total purchase price is PLN 69 million. According to the sale agreement, in addition t...

Locked content Braster sold 100 Braster devices for Benefit Systems

Braster sold 100 Braster devices and 100 test packages containing 12 tests, in cooperation with Benefit Systems, Braster said. The sale of the above equipment is part of the development strategy adopted by the company for 2018-2021, according to the statement. Braster is the only company in the worl...

Locked content Benefit Systems signs deal with Poczta Polska

Benefit Systems has signed an agreement with Poczta Polska. The group will provide access to sports and recreation services for Poczta Polska employees, their families and accompanying persons, Benefit Systems reported in a statement. The maximum remuneration of the company will amount to PLN 51.1 m...

Locked content Benefit Systems with 1.1 mln active sports cards

Benefit Systems recorded 1.1 million active sports cards at the end of Q2 compared to 0.9 million a year earlier. This is about 22 percent increase y/y. Benefit Systems is engaged in providing employee benefits in the sphere of sport, culture, and entertainment. The company has been listed on the Wa...

Locked content Benefit Systems plans private placement

WSE-listed employee benefits program operator Benefit Systems plans to offer up to 184k F-series shares in an ex-rights private placement and to sell up to 100k own existing shares. “The aim of the company is to raise means for further development of the group and for using growth potential, in part...

Locked content Benefit Systems to acquire remaining stake in Zdrofit

WSE-listed employee benefits program operator Benefit Systems will buy 44.97 percent stake in fitness club chain Zdrofit for PLN 52.5 million. After the transaction, the company, through its subsidiary FitInvest will hold 100 percent Zdrofit shares. “The acquisition of all shares in the company will...

Locked content Benefit with 913k active cards at end-2017

WSE-listed employee benefits program operator Benefit Systems has increased its active card count by 121.4k in 2017, reaching 913.6k. Out of that number, 804.8k cards were issued in Poland, and 131.3k on international markets. This is a 23.9 percent y/y increase. The domestic figure grew by 16.3 per...

Locked content Benefit withdraws from Calypso takeover

WSE-listed employee benefits program operator Benefit System withdrew its bid for Calypso Fitness, as the conditional takeover deal expired. The company failed to secure antitrust watchdog UOKiK approval for the deal and retracted the motion. Back in November, Benefit signaled UOKiK had reservations...

Locked content Benefit acquisition deal under UOKiK scrutiny

WSE-listed employee benefits program operator Benefit Systems deal to purchase Calypso Fitness has raised objections from the antitrust watchdog UOKiK, which is worried that it could limit competition in the markets of sports and recreational packages offered to employers and provide access to sport...

Locked content Benefit Systems to buy Fitness Club S4

WSE-listed employee benefits program operator Benefit Systems, signed a preliminary agreement to buy Fitness Club S4 fitness chain for PLN 23.8 million, the company said in a market filing. The deal is valid till July 30, 2018, and includes PLN 7 million in advance payment. Fitness Club S4 operates ...