tiedje_schleswig_aussen

German fitness retailer acquires Scottish counterpart

tiedje_schleswig_aussenSport-Tiedje, Europe’s largest specialty retailer of fitness gear, according to its own information, with 30 outlets in Germany, Denmark, Austria, the Netherlands, Belgium and Switzerland, has agreed to take over Powerhouse Fitness – a Scottish chain and online retailer in the same category.

Powerhouse Fitness has been in the fitness equipment retail business since 1987 and operates nine outlets in Glasgow, Nottingham, London, Newcastle, Aberdeen, Edinburgh and Leeds.

In its last financial year, Powerhouse’s sales were £22 million (€31.3 million). According to Tiedje, the U.K. chain will keep its brand name.

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