Sportsafe UK sold to ABEO Group

French sports and leisure equipment designer ABEO has acquired an 80% stake in Sportsafe UK – a specialist in sports equipment maintenance – in a deal advised by Initium.

Colchester-based Sportsafe UK inspects, services and installs sports and fitness equipment, serving more than 15,000 customer sites primarily in schools and universities. With around 90 employees, the company generates 60% of revenue from repair and maintenance contracts.

ABEO is a major player in the sports and leisure market – and supplied all the gym equipment for the Rio Olympics. Headquartered in France, ABEO generates 66% of sales outside its home market through a portfolio of strong brands – including Gymnova in the UK.

“I would like to thank you for helping us get this deal over the line” – Jonathan Neill, Founder and CEO, Sportsafe