Announced
Completed
Financials
Tags
Completed
Domestic
Single Bidder
Acquisition
Private Equity
Friendly
Consumer Services: Other
Private
United States
commercial fitness equipment
fitness equipment
Majority
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.