Rhône to invest in Wahoo Fitness.

Rhône, a global private equity firm with a focus on investments in businesses with a transatlantic presence, agreed to invest in Wahoo Fitness, a provider of innovative fitness technology. Norwest Equity Partners will continue to own a minority investment in the company. Financial terms were not disclosed. "Rhône’s investment marks an exciting new chapter for Wahoo. Rhône has a remarkable track record in partnering with founder-led companies to evolve and strengthen their businesses. I believe Rhône will be a great partner as we continue our global expansion, broaden our portfolio, and leverage the power of technology to transform the way people train and reach their fitness goals," Chip Hawkins, Wahoo Fitness Founder and Chairman.