Peloton Acquires U.S. Fitness Manufacturer Precor
Peloton has announced that it has entered into an agreement to acquire Precor, one of the largest global commercial fitness equipment providers with a significant U.S. manufacturing presence, in a transaction valued at $420 million. Alex discusses how this deal could help with some of Peloton’s recent delivery issues and how Precor could be an asset as the exercise/media company creates new connected exercise equipment products.
PELOTON SIGNS AGREEMENT TO ACQUIRE PRECOR: www.precor.com/sites/default/files/PDF/PELOTON-SIGNS-AGREEMENT-TO-ACQUIRE-PRECOR.pdf
This is an excerpt from episode 135 of Winner Take All. Watch the full episode here:
Originally Aired: 01/04/20
#Peloton #Acquisition #USManufacturing
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