About Technogym
Technogym is a company based in Cesena (Italy) founded in 1983.. The company has 2,450 employees as of December 31, 2024. Technogym has completed 1 acquisition, including Exerp. Technogym offers products and services including Treadmills, Exercise Bikes, Elliptical Trainers, Dumbbells, and Cable Machines. Technogym operates in a competitive market with competitors including Peloton, Wahoo Fitness, Echelon, Interactive Fitness and Volava, among others.
- Headquarter Cesena, Italy
- Employees 2450 as on 31 Dec, 2024
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
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Social
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- Legal Name Technogym S.P.A
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Annual Revenue
$934.01 M (USD)11.5as on Dec 31, 2024
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Net Profit
$90.43 M (USD)18.2as on Dec 31, 2024
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EBITDA
$175.38 M (USD)22.33as on Dec 31, 2024
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Latest Funding Round
$57.4 K (USD), Grant
Mar 04, 2024
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Investors
European Union
& 1 more
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Employee Count
2450
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Technogym
Technogym is a publicly listed company on the MIL with ticker symbol TGYM in Italy, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Technogym
Technogym offers a comprehensive portfolio of products and services, including Treadmills, Exercise Bikes, Elliptical Trainers, Dumbbells, and Cable Machines. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Machines for walking or running exercises to improve cardiovascular health
Stationary bikes for low-impact cycling workouts
Equipment for full-body aerobic exercises with minimal impact
Weights for targeted muscle building and resistance training
Devices for versatile strength exercises using cables
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Software Development Team
39 people
Human Resources and Administration
21 people
Finance and Accounting
17 people
Leadership Team
14 people
Master Team
13 people
Product Management Team
7 people
Educator Team
5 people
Creative and Marketing Team
4 people
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Funding Insights of Technogym
- Total Funding Total Funding
- Total Rounds 8
- Last Round Grant — $57,404
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First Round
First Round
(16 Mar 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2024 | Amount | Grant - Technogym | Valuation |
investors |
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| Feb, 2024 | Amount | Grant - Technogym | Valuation |
investors |
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| Nov, 2023 | Amount | Grant - Technogym | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Technogym
Technogym has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and Ministerstvo Hospodárstva Slovenskej Republiky. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Technogym
Technogym has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Exerp. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based member management software is offered for fitness clubs.
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1994 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Technogym
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Technogym Comparisons
Competitors of Technogym
Technogym operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Peloton, Wahoo Fitness, Echelon, Interactive Fitness and Volava, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Smart fitness equipment and streaming platforms are provided.
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| domain | founded_year | HQ Location |
Fitness equipment is offered via an online platform.
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| domain | founded_year | HQ Location |
Smart indoor exercise bikes and live training classes are provided.
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| domain | founded_year | HQ Location |
Gamified indoor cycling devices are supplied to fitness clubs.
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| domain | founded_year | HQ Location |
Indoor training cycles are provided via a connected fitness platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Technogym
Frequently Asked Questions about Technogym
When was Technogym founded?
Technogym was founded in 1983 and raised its 1st funding round 40 years after it was founded.
Where is Technogym located?
Technogym is headquartered in Cesena, Italy. It is registered at Cesena, Emilia-romagna, Italy.
How many employees does Technogym have?
As of Dec 31, 2024, the latest employee count at Technogym is 2,450.
What is the annual revenue of Technogym?
Annual revenue of Technogym is $934.01M as on Dec 31, 2024.
What does Technogym do?
Technogym was founded in 1983 in Cesena, Italy, and operates in the fitness equipment and software sector. A range of gym machinery, including treadmills, exercise bikes, and stair climbers, is supplied to commercial facilities. Cloud-based services and software are offered to fitness providers, enabling customer engagement, retention, and comprehensive wellness programs across various locations.
Who are the top competitors of Technogym?
Technogym's top competitors include Peloton, Wahoo Fitness and Echelon.
What products or services does Technogym offer?
Technogym offers Treadmills, Exercise Bikes, Elliptical Trainers, Dumbbells, and Cable Machines.
Is Technogym publicly traded?
Yes, Technogym is publicly traded on MIL under the ticker symbol TGYM.
How many acquisitions has Technogym made?
Technogym has made 1 acquisition, including Exerp.
Who are Technogym's investors?
Technogym has 2 investors. Key investors include European Union, and Ministerstvo Hospodárstva Slovenskej Republiky.
What is Technogym's ticker symbol?
The ticker symbol of Technogym is TGYM on MIL.
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