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TKO Acquires Linex International,
Expands into Multi Billion Dollar Fitness Industry
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| 10.01.2004 |
HOUSTON, TX - TKO Holdings Limited ("TKO")today announced that it has acquired all of the outstanding shares of Linex International Corporation, a privately held fitness equipment provider. This acquisition will enable TKO to capitalize on the synergies between the fitness and boxing markets, capturing a broader client base with an expanded product line in a multi-billion dollar industry.
Massachusetts-based Linex will move operations to TKO's expanded facilities in Houston, where its cardiovascular and strength training equipment will be distributed under the names "TKO" and "Linex by TKO", leveraging brand awareness. The product line, which includes exercise bikes, elliptical trainers, weights and weight benches, complements TKO's existing offering, appealing to both fitness and boxing clientele.
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