Bannatyne powers on with new deal.
DARLINGTON-BASED heath club group Bannatyne Fitness has placed a multi-million-pound order for fitness equipment across its chain.
The firm, headed by TV Dragon and Tees Valley-based entrepreneur entrepreneur (än'trəprənûr`) [Fr.,=one who undertakes], person who assumes the organization, management, and risks of a business enterprise. Duncan Bannatyne Duncan Walker Bannatyne, OBE D.Sc.(born February 2 1949) is a British entrepreneur and businessman. He is most famous for his appearance as a business angel or Dragon on the BBC programme Dragons' Den. , has signed a four-year agreement with Technogym to supply equipment to its clubs.
The deal, which is worth pounds 6m over four years, is the renewal of a previous contract between Technogym and Bannatyne's, signed in 2005.
Technogym has an agreement to supply both new and existing Bannatyne's sites.
It will supply a mixture of strength, free weights and cardiovascular equipment exclusively until 2013.
Nigel Armstrong, managing director of Bannatyne Fitness, says: "Technogym continues to meet our high standards for quality, reliability and innovation and I am pleased to continue our relationship.
"It is important that our equipment supplier provides our members with an unrivalled exercise experience and the feedback we have received from our clubs has been very positive," he added.
Bannatyne's has more than 60 health clubs across the UK including sites in Darlington, Ingleby Barwick Coordinates:
Ingleby Barwick [bA.ɹɪk] is a large private residential estate built on what was the southern perimeter of Thornaby airfield and Coulby Newham Coulby Newham is a large housing estate in the borough of Middlesbrough and the ceremonial county of North Yorkshire, England, with a resident population of 10,700. .
Earlier this year the Darlington-based chain more than doubled profits with a pre-tax figure of pounds 9.7m for 2008 - up from pounds 4.3m in 2007.
POSITIVE FEEDBACK: Nigel Armstrong, managing director of Bannatyne Fitness