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Dyaco buys Sweatband.com to create 'global powerhouse' for B2B and consumer fitness products
POSTED 11 Sep 2023 . BY Tom Walker
Dyaco's product portfolio covers a wide range of fitness equipment Credit: Dyaco UK
Dyaco UK has confirmed its strategic acquisition of online fitness marketplace Sweatband.com
Dyaco UK is looking to expand its services and to cover both the consumer and commercial fitness markets to create a 'global powerhouse'
The deal will see Dyaco UK's manufacturing capabilities being combined with Sweatband.com’s knowledge of the e-commerce landscape
Maz Darvish, founder of Sweatband.com, will remain a shareholder in the business but move on to launch a new AI-tech company
Fitness equipment specialist, Dyaco UK, has acquired online fitness marketplace Sweatband.com.

Founder, Maz Darvish, will remain a shareholder in the combined business while moving on to launch a new AI start-up called Cognition Hub.

“As I embark on a new venture, I look forward to continuing to work closely with Dyaco UK to help accelerate what has been a significant period of growth," Darvish said.

With the deal, Dyaco UK is looking to expand its services and to cover both the consumer and commercial fitness markets. It is currently mainly B2B.

According to Dean Jackson, who is now CEO of Dyaco UK and Sweatband.com, the move will see the two companies leveraging their "complementary capabilities", combining Dyaco's Taipei-based manufacturing capacity and product portfolio with Sweatband.com’s knowledge of the e-commerce landscape.

“This deal marks an exciting chapter for Dyaco UK, as we combine our resources and expertise to create a global powerhouse in the fitness industry," Jackson said.

"It will drive accelerated growth in key markets globally, allowing Dyaco UK to strengthen its market position and expand its reach.

Dyaco UK is a 100 per cent owned subsidiary of Dyaco International Inc (T/A Dyaco), which is headquartered in Taiwan.

The parent company has offices in 86 countries, employs over 1,000 people globally and already has a portfolio of 500 products.

Dyaco UK was set up in March 2018 to extend the brand into the UK market, with the parent company investing substantially in the launch.
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Jobs    News   Products   Magazine
NEWS
Dyaco buys Sweatband.com to create 'global powerhouse' for B2B and consumer fitness products
POSTED 11 Sep 2023 . BY Tom Walker
Dyaco's product portfolio covers a wide range of fitness equipment Credit: Dyaco UK
Dyaco UK has confirmed its strategic acquisition of online fitness marketplace Sweatband.com
Dyaco UK is looking to expand its services and to cover both the consumer and commercial fitness markets to create a 'global powerhouse'
The deal will see Dyaco UK's manufacturing capabilities being combined with Sweatband.com’s knowledge of the e-commerce landscape
Maz Darvish, founder of Sweatband.com, will remain a shareholder in the business but move on to launch a new AI-tech company
Fitness equipment specialist, Dyaco UK, has acquired online fitness marketplace Sweatband.com.

Founder, Maz Darvish, will remain a shareholder in the combined business while moving on to launch a new AI start-up called Cognition Hub.

“As I embark on a new venture, I look forward to continuing to work closely with Dyaco UK to help accelerate what has been a significant period of growth," Darvish said.

With the deal, Dyaco UK is looking to expand its services and to cover both the consumer and commercial fitness markets. It is currently mainly B2B.

According to Dean Jackson, who is now CEO of Dyaco UK and Sweatband.com, the move will see the two companies leveraging their "complementary capabilities", combining Dyaco's Taipei-based manufacturing capacity and product portfolio with Sweatband.com’s knowledge of the e-commerce landscape.

“This deal marks an exciting chapter for Dyaco UK, as we combine our resources and expertise to create a global powerhouse in the fitness industry," Jackson said.

"It will drive accelerated growth in key markets globally, allowing Dyaco UK to strengthen its market position and expand its reach.

Dyaco UK is a 100 per cent owned subsidiary of Dyaco International Inc (T/A Dyaco), which is headquartered in Taiwan.

The parent company has offices in 86 countries, employs over 1,000 people globally and already has a portfolio of 500 products.

Dyaco UK was set up in March 2018 to extend the brand into the UK market, with the parent company investing substantially in the launch.
RELATED STORIES
Dyaco UK appoints Jon Johnston to lead its commercial division


Fitness equipment specialist Dyaco UK has appointed industry veteran Jon Johnston as managing director of its commercial operations.
Dyaco signs licensing deal with Philips to launch medical fitness equipment


Fitness kit manufacturer Dyaco has revealed plans to launch a new line of medical and rehabilitation fitness equipment under a brand licensing agreement with technology giant Philips.
Dyaco signs strategic partnership deal with Gym80


Two fitness kit manufacturers have signed a partnership deal in order to create a combined product portfolio for the commercial market.
MORE NEWS
JD Gyms acquires Simply Gym as it targets 100 locations
The JD Gyms Group has completed a deal to acquire Simply Gym from Bay Leisure. The deal comprises four gyms: one in Greater London and three in South Wales.
Baz Moffat gets 'sweat equity' backing from Priya Oberoi to drive the growth of The Well HQ
Women’s health specialist, The Well HQ, has secured 'sweat equity' backing from Priya Oberoi, founder of venture capitalists, Goddess Gaia Ventures, who will take on a senior advisory role with the business.
Peloton buys time for a turnaround with US$1 billion loan
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Dean Kowarski, global CEO of Virgin Active, will keynote at HCM Summit 2024
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