Ecsponent acquires cryotherapy provider Cryozone SA

Terence Gregory

JSE-listed Ecsponent Limited, has added Cryozone South Africa to its portfolio of leading-edge technological investments. Cryozone South Africa, is a provider of whole-body cryotherapymedical physical treatment, widely used in sports medicine as well as in treating serious inflammatory conditions and optimising general wellness.

The acquisition immediately sees Ecsponent supporting Cryozone in providing athletes at the Cape Town Cycle Tour the opportunity to not only look after their own well-being but contribute to alleviating the impact of the water crisis in Cape Town.

Cryozone is the agent and distributor of KrioSystem Life, through a partnership with Polish company KrioSystem Life Sp, which specialises in world-class cryogenic technologies to produce cryochamber apparatus for medical, scientific and industrial applications. One of the Cryozone whole-body cryotherapy chambers will be open to the public from 19 March at the Sports Science Institute.

 Whole-body cryotherapy is an intensive cold treatment. Originally designed to treat circulatory diseases, it has been adapted for use in elite sports to enable rapid recovery and rehabilitation, while providing a host of other benefits. The whole-body cryotherapy treatment process places an athlete in a purpose-built cryotherapy chamber with the air inside cooled to temperatures as low as -160°C

Cryotherapy causes vasoconstriction and then when athletes exit the chamber, vasodilation, which sees a rush of nutrient-rich blood to muscles around the body. This, coupled with the rush of hormones and endorphins, sees athletes enjoy faster recovery, reduction in inflammation, decreased pain and anxiety as well as a host of beauty effects such as a reduction visible signs of ageing and cellulite.

Ecsponent creates wealth by investing in companies such as Cryozone that offer niche services. Ecsponent has three main strategic business units that have contributed to its phenomenal performance, and the acquisition of 70% of Cryozone SA forms part of its Equity Holdings business unit. It aligns with the company’s strategy of investing in companies with high barriers to entry, high intellectual property and scalable profits.

Cryozone will be headed up by Capetonian Willem Muller. As a qualified mechanical engineer and self-proclaimed sports fanatic, Muller was immediately captivated by cryotherapy. “With a strong technical background, it was easy to understand the technology behind cryotherapy devices. As a sportsperson, the results spoke for themselves. In just three minutes technology and the body’s own healing powers intersect to create natural benefits including: 

•      reduced inflammation, pain and swelling

•      increased testosterone levels

•      speedier recovery from muscle stress and fatigue

•      increased energy levels and immunity. 

“This acquisition ties in perfectly with our strategic objectives of bolstering our Equity Holdings unit with niche businesses that offer attractive scalability and represent a formidable barrier to entry. Cryozone will no doubt provide the market in South Africa with an exciting product and we anticipate significant and growing demand for the different cryotherapy offers. We expect the acquisition to unlock value for Ecsponent and its shareholders,” said Ecsponent CEO Terence Gregory.

Ecsponent will be supporting Cryozone at the Cape Town Cycle Tour Expo and race from 8 to 11 March with the #CTC18WaterChallenge. Ecsponent will donate 10 litres of water to Cape Town for each person who undergoes cryotherapy at the Cryozone Waterless Recovery Area during the cycle tour. Other than the obvious health benefits, cyclists are encouraged to do their three minutes to collect water for Cape Town.



Latest


16 Feb 2021
Transition management services partnership announced

Standard Bank has signed a memorandum of understanding (MoU) with Chicago-headquartered financial services company Northern Trust, to partner on the…

Transition management services partnership announced

Standard Bank has signed a memorandum of understanding (MoU) with Chicago-headquartered financial services company Northern Trust, to partner on the delivery of transition management services across Southern Africa. Under the partnership, Standard Bank’s clients will gain access to Northern Trust’s full suite of transition management services. Transition Management is a…

16 Feb 2021
Tax free wealth creation with property funds

By Liliane Barnard, CEO and Portfolio Manager at Metope Investment Managers, and Aimee Glisson, Director: Operations, Performance & Risk at…

Tax free wealth creation with property funds

By Liliane Barnard, CEO and Portfolio Manager at Metope Investment Managers, and Aimee Glisson, Director: Operations, Performance & Risk at Metope Investment Managers The tax year, along with the deadline for an investor’s maximum R36 000 annual tax-free savings account contribution, comes to an end on the 28 February 2021. Investors…

16 Feb 2021
Why multi-manager investing is popular

Multi-management has been around for over two decades. This investment management approach is popular among many investors because it promises…

Why multi-manager investing is popular

Multi-management has been around for over two decades. This investment management approach is popular among many investors because it promises to deliver smoother, more consistent investment returns, despite cyclical turbulence of financial markets. Given last year’s drastic swings in financial markets and continued uncertainty on how the Covid pandemic will…

16 Feb 2021
Momentum Health Solutions unpacks COVID-19 vaccine roll-out plan

Momentum Health Solutions announced its COVID-19 vaccine roll-out strategy and how it intends to support both its members, as well…

Momentum Health Solutions unpacks COVID-19 vaccine roll-out plan

Momentum Health Solutions announced its COVID-19 vaccine roll-out strategy and how it intends to support both its members, as well as the uncovered population, in being vaccinated. As the COVID-19 virus continues to spread, a third wave is imminent, should the vaccination rollout not commence soon. Speaking at a recent…


Top stories


10 Sep 2020
How too much choice is draining your brain

By: Paul Nixon, head of technical marketing and behavioural finance at Momentum Investments From the words of Francis Scott Key…

How too much choice is draining your brain

By: Paul Nixon, head of technical marketing and behavioural finance at Momentum Investments From the words of Francis Scott Key that dubbed America “The land of the free”, which stuck, to the unforgettable Mel Gibson monologue where an army of painted Scots were willing to trade their lives for the…

13 Apr 2020
Investors should keep a reasonable investment allocation outside of SA

MoneyMarketing asked Roland Gräbe, the head of Tailored Fund Portfolios at Old Mutual Wealth, about offshore investments in the COVID-19…

Investors should keep a reasonable investment allocation outside of SA

MoneyMarketing asked Roland Gräbe, the head of Tailored Fund Portfolios at Old Mutual Wealth, about offshore investments in the COVID-19 environment and what form a global market recovery will take.

13 Apr 2020
SA’s Proposed Covid-19 Disaster Management Tax Relief

The National Treasury recently issued the draft Disaster Management Tax Relief Bill (Bill) for public comment by 15 April. The…

SA’s Proposed Covid-19 Disaster Management Tax Relief

The National Treasury recently issued the draft Disaster Management Tax Relief Bill (Bill) for public comment by 15 April. The draft Bill, together with its explanatory memorandum, provides clarity with regards the tax relief measures President Cyril Ramaphosa announced on 23 March.

10 Apr 2020
When the going gets tough, farmers are on familiar territory

South African farmers are old hands at adapting to uncertain and daunting circumstances, and our local agricultural industry has proved…

When the going gets tough, farmers are on familiar territory

South African farmers are old hands at adapting to uncertain and daunting circumstances, and our local agricultural industry has proved to be most enterprising in acclimatising to challenges as they arise.


Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za