TL;DR
Sport Alliance, a German fitness tech solutions provider, has named Erwin Korst as its vice president of international sales and received $100 million in new funding from PSG Equity to support its global growth mission. The company plans to expand to English-speaking regions, building on its existing presence in Europe.
Sport Alliance, a German fitness tech solutions provider, has named Erwin Korst as its vice president of international sales as it continues its strategic global growth mission, including expanding to English-speaking regions. The executive appointment follows $100 million in new funding, which Sport Alliance received from PSG Equity.
It’s PSG Equity’s second investment in Sport Alliance, following an initial $65 million investment in August 2021. Since then, the fit tech company says it has more than doubled its revenue via “organic growth and four add-on acquisitions,” it has said.
While Sport Alliance currently serves fitness chains, franchise systems and independent fitness brands predominantly in Europe, the latest funding will bring advanced cloud-based and digital software solutions.
Korst and his team will oversee business growth with an emphasis on English-speaking regions and consumers. He took to LinkedIn to share his excitement, writing that he’s landed his dream job at the Hamburg, Germany-based fit tech company.
The new VP of international sales has 30 years of experience in the health and fitness industry and referenced the $100 million funding in a post, writing that the investment solidifies Sport Alliance’s position as a market leader and “paves the way for unparalleled opportunities” on an international scale.
In this story
This story was originally published by Courtney Rehfeldt in Athletech News on December 4, 2023. Burnaze summarizes and links to the original reporting.
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