Peloton snapped up Precor for $420 million to add U.S. manufacturing capability to the online fitness platform company that saw a revenue increase of 128 percent in its most recent fiscal quarter. The acquisition of Precor … Peloton stock jumped. Peloton acquires Precor. The leading interactive fitness platform Peloton has announced that it has entered into an agreement to acquire Precor, one of the largest global commercial fitness equipment providers, in a transaction valued at $420 million USD. Peloton Interactive Inc. has agreed to acquire commercial fitness-equipment provider Precor Inc. for $420 million in cash, in a move that will help it … 11:06 am December 22, ... Peloton’s President. As part of the deal, Peloton … via: Peloton. Peloton announced that it has entered into an agreement to acquire Precor, one of the largest commercial fitness equipment providers with a significant U.S. manufacturing presence, in a transaction valued at $420 million. Peloton acquired Precor for $420 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness. Precor will become a division inside of Peloton, with the company’s president Rob Barker reporting to Peloton president William Lynch. NEW YORK, Dec. 21, 2020 /PRNewswire/ --Peloton Therapeutics (NASDAQ: PTON), the leading interactive fitness platform, today 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 USD.With the acquisition, Peloton … The acquisition of Precor … The maker of pricey spinning bikes and treadmills has seen sales soar as demand for streaming exercise services and … At the very least this should help with their distribution problems. Peloton acquired Precor for $420 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness. Peloton, New York, has entered into an agreement to acquire Precor, Woodinville, Washington, for $420 million from Finnish sporting goods company Amer Sports, according to a Dec. 21 announcement by Peloton. Peloton followed this up with a press release One big benefit of this acquisition is it will give Peloton some US-based manufacturing capability, to compliment their previous acquisition of Tonic. The acquisition of … Peloton Shares Pop 8% On Precor Acquisition; Street Stays Bullish. Forward Looking Statement Peloton plans to acquire the exercise equipment manufacturer Precor for $420 million, in a bid to speed up production and meet promised delivery windows. The deal also boosts Peloton’s product development efforts, by adding nearly 100 research-and-development employees to its existing staff. The deal also boosts Peloton’s product development efforts, by adding nearly 100 research-and-development employees to its existing staff. to establish U.S. manufacturing capacity, boost research and development capabilities with Precor’s highly-skilled … Peloton acquired Precor for $420 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness. Peloton Makes Biggest Purchase With $420 Million Precor Deal (Photo courtesy Peloton.) The acquisition should boost Peloton’s manufacturing capacity in the U.S. and market share for fitness products. The at-home fitness firm announced the acquisition Monday, and said the … Peloton Acquires Precor a Cardio and Weight Equipment Company, Increasing Its Manufacturing Capacity Nick Keppler December 23, 2020 Finance Peloton stock increased by 15 percent after the news that the red-hot stationary bike maker purchased Seattle-based Precor, a manufacturer of cardio and weight machines to help make and develop its products. As announced in a press release, Peloton will acquire the exercise equipment manufacturer Precor for … The transaction is expected to close in early 2021. Leading interactive fitness platform Peleton has entered into an agreement to acquire commercial fitness equipment provider Precor in a transaction valued at $420m (£314m, €344m). The acquisition of Precor was announced on December 21, 2020. Diana Olick reports Peloton will acquire fitness equipment maker Precor. The deal is expected to close in Q1 of 2021. NEW YORK, Dec. 21, 2020 /PRNewswire/ -- Peloton (NASDAQ:PTON), the leading interactive fitness platform, today announced that it has entered into an agreement to acquire Precor… NEW YORK, N.Y. - Peloton (NASDAQ: PTON), a leading interactive fitness platform, 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 USD. Precor President Rob Barker will continue to lead Precor and become CEO, Precor and General Manager, Peloton Commercial. New York, NY - Dec. 21, 2020 -- Peloton (NASDAQ:PTON), the leading interactive fitness platform, today 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 USD. Peloton buys Precor for $420 million, preps for hybrid digital fitness. With the acquisition, Peloton plans. Peloton, the leading interactive fitness platform 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 USD. The Wall Street Journal. The acquisition of Precor was announced on December 21, 2020. Peloton will spend nearly a half billion dollars on an acquisition to help it better keep up with demand for its popular bikes and treadmills. See the press release here. Peloton Interactive will acquire fitness-equipment company Precor Inc. in a move that will accelerate its manufacturing after being inundated with orders and shipping delays during the pandemic. The at-home fitness firm announced the acquisition Monday, and said the … PELOTON TO ACQUIRE PRECOR. Forward Looking Statement This news caps off what has been a wildly successful year for Peloton. Peloton, the leading interactive fitness platform, December 21 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, as it was informed by Peloton. NEW YORK, Dec. 21, 2020 /PRNewswire/ -- Peloton (NASDAQ: PTON), the leading interactive fitness platform, today announced that it has entered into … With the acquisition, Peloton plans. Peloton acquired Precor for $420 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness. Peloton To Construct Primary People Manufacturer After Offer Difficulties; ... December Last, the company spent $420 zillion to acquire Precor , a company whose fitness machines populate thousands of professional and hotel gyms. Peloton will also acquire Precor’s factories in Whitsett, North Carolina, and Woodinville, Washington, which combined have more than 625,000 square feet of manufacturing space. Peloton (NASDAQ: PTON), a NYC-based interactive fitness platform, is to acquire Precor, a global commercial fitness equipment provider,in a transaction valued at … At-home fitness giant Peloton has announced it plans to purchase workout equipment provider Precor for $420 million, prompting its stock price to surge 15 percent as of Tuesday. Peloton Acquires Precor in $420M Deal By Rob Thomas | December 22, 2020 The acquisition of the global fitness equipment provider will allow Peloton to use Precor’s U.S. manufacturing capacity in North Carolina and Washington state and boost Peloton’s entry into the commercial market for its interactive fitness products. Peloton acquired Precor for $420 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness. Peloton (NASDAQ: PTON), the home fitness company that has dominated the industry amid the pandemic, acquired the fitness equipment company Precor for $420 million. Peloton, the leading interactive fitness platform 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 USD. Interactive fitness platform Peloton has inked a deal to acquire Precor, a global fitness equipment provider with a manufacturing presence in the U.S., according to … Peloton will also acquire Precor’s factories in Whitsett, North Carolina, and Woodinville, Washington, which combined have more than 625,000 square feet of manufacturing space. Peloton acquires Precor for $420 million - Peloton Buddy This evening Yahoo news broke the news that Peloton would be acquiring Precor for $420 million. Peloton, the interconnected exercise equipment company known mostly for its pricey bikes, is acquiring Precor, a supplier of commercial fitness equipment in a … Forward Looking Statement Forward Looking Statement Fenwick & West represented Peloton Interactive, Inc. (NASDAQ: PTON), a leading interactive fitness platform, in its agreement to acquire Precor, one of the largest global commercial fitness equipment providers with a significant U.S. manufacturing presence, in … The purchase should give Peloton a path to NEW YORK (BRAIN) — Peloton has agreed to acquire Precor, one of the largest global commercial fitness equipment providers, in a transaction valued at $420 million.Precor is currently owned by Amer Sports, the former owner of Mavic and current owner of Enve and other brands including Arc'teryx, Salomon, Wilson and Louisville Slugger. PELOTON SIGNS AGREEMENT TO ACQUIRE PRECOR Acquisition expected to establish Peloton's U.S. manufacturing footprint, enhance R&D capabilities, and accelerate growth of commercial verticals New York, NY - Dec. 21, 2020 -- Peloton (NASDAQ:PTON), the leading interactive fitness platform, today announced that it Peloton will acquire Precor, a hotel and university fitness equipment maker, for $420 million. Precor will become a division inside of Peloton, with the company’s president Rob Barker reporting to Peloton president William Lynch. Peloton's purchase of Precor brings supply chain heft, a road into the commercial market and … The fitness company called Peloton Interactive has acquired another fitness company Precor for $420 Million. Peloton acquired Precor … Peloton will acquire Precor's more than 625,000 square feet of manufacturing space and add nearly 100 research-and-development employees. PreviousBallogy Secures Series A Funding Of $6 Million. NEW YORK, Dec. 21, 2020 /PRNewswire/ -- Peloton (NASDAQ: PTON), the leading interactive fitness platform, today 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 USD.With the acquisition, Peloton plans to establish …

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