REG - 4GLOBAL PLC - Partnership agreement with Technogym UK

4GlobalAnnouncement

24/05/2023 07:00

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RNS Number : 4202A  4GLOBAL PLC  24 May 2023

24 May 2023

4GLOBAL PLC

 

("4GLOBAL", the "Group" or the "Company")

 

Partnership agreement with Technogym UK

 

4GLOBAL, a UK-based data, services and software company, is pleased to
announce the signing of a strategic partnership agreement to exploit a
multi-million pound opportunity with the fitness equipment and digital health
provider Technogym to work with their existing and mutual clients to enhance
their data insight solutions.

 

Technogym UK is a world leader in the fitness sector with over 35 years of
wellness innovation and has developed a Wellness Lifestyle ecosystem,
Mywellness, which allows operators to create communities among their members
and manage programmes and workout data while providing multiple touch points
on one account.

 

4GLOBAL will provide a bespoke Fitness Dashboard, which will allow sport and
leisure operators greater focus to understand the needs and interests of its
members who are using Mywellness.

 

The agreement, which covers the UK initially, will provide sport and leisure
operators with a greater focus to understand the true impact and social
value generated by their Mywellness members, both inside and outside
facilities. For Technogym, this provides insight that directly validates the
impact of their products on the market.

 

Technogym customers will be able to purchase a 4GLOBAL Fitness Dashboard
showing a selection of Technogym-focused KPIs along with the Social Value
generated by Mywellness to its customers. This is drawn from 4GLOBAL's
industry-leading Social Value Calculator, developed in partnership with
Sheffield Hallam University.

 

The Fitness Dashboard developed for Technogym will provide executives and
managers with timely, accurate and actionable business insights to increase
operational efficiencies and manage resources effectively, while maximising
their return on investment and uncovering new revenue opportunities.

 

 

Eloy Mazon, Chief Executive Officer of 4GLOBAL, commented:

 

"We are delighted to have partnered up with a world leading organisation to
strengthen our market expansion plans. This partnership will make it easier
for customers in the UK to have access to our world leading products and data
providing them invaluable insights about their business and their customers.

 

"Technogym is a pioneer in using data to increase productivity for operators
and improve fitness for customers, so our two companies are a natural fit to
further our understanding of how to encourage more people to be physically
active.  The insights we will generate together promise to be a game-changer
for the sector."

 

 

 

For further information please contact:

 4GLOBAL                                       c/o IFC Advisory

 Eloy Mazon (CEO)

 Spark Advisory Partners - Nominated Adviser   0203 368 3554

 Neil Baldwin

 Canaccord Genuity Limited - Broker            020 7523 8000

 Bobbie Hilliam

 IFC Advisory                                  0203 934 6630

 Graham Herring / Zach Cohen

 

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the
Market Abuse (Amendment) (EU Exit) Regulations 2019/310.Upon the publication
of this announcement, this inside information is now considered to be in the
public domain.

 

 

 

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