FTI-backed Urban Apes to merge with Der Steinbock.

FTI-backed Urban Apes, a network of indoor climbing and bouldering gyms across Germany, agreed to merge with Der Steinbock, a network of bouldering gyms in Germany and Austria, offering climbing experiences for all skill levels. "The merger is good news for everyone passionate about bouldering in Germany. Together, we can offer an even better experience for our guests and significantly advance the sport. We now cover all of Germany and are the clear market leader," Lars Grosskurth, Urban Apes CEO.