Peloton completed the acquisition of Precor from FountainVest Partners-backed Amer Sports for $420m.

Peloton, an interactive fitness platform, completed the acquisition of Precor, a commercial fitness equipment provider, from FountainVest Partners-backed Amer Sports, a Finnish sporting goods company, for $420m. "We've spent the last few months learning more about Precor's relentless focus on the customer experience and we're now even more enthusiastic about welcoming this talented team to Peloton. Now with Peloton and Precor, we believe we're even better positioned to achieve our goal of bringing the best experience in connected health and fitness to more people around the world," William Lynch, Peloton President.