4GLOBAL PLC Partnership agreement with Technogym UK (4202A)

TIDM4GBL

RNS Number : 4202A

4GLOBAL PLC

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 
   Neil Baldwin                                     0203 368 3554 
 
   Canaccord Genuity Limited - Broker 
   Bobbie Hilliam                                   020 7523 8000 
 
   IFC Advisory 
   Graham Herring / Zach Cohen                      0203 934 6630

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCAJMLTMTJTBBJ

(END) Dow Jones Newswires

May 24, 2023 02:00 ET (06:00 GMT)

4global (LSE:4GBL)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024