Basic-Fit Buys German Gym Chain wellyou for $61 Million

European budget gym powerhouse Basic-Fit just dropped €52 million ($61 million) to snap up wellyou, a smaller German fitness chain with 41 clubs. This deal is all about Basic-Fit's Germany expansion, bringing their total clubs there to over 70. It’s part of a bigger play to corner the low-cost fitness market in the region.