Peloton had acquired one of its manufacturing partners, Tonic Fitness, back in November 2019 to take greater control over its supply chain. Peloton acquires Precor. In December 2020, Peloton announced it had signed an agreement to acquire Precor for $420 million. 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. With the acquisition, Peloton plans. 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 … NEW YORK, Dec. 21, 2020 /PRNewswire/ -- Peloton (NASDAQ: PTON), the leading interactive fitness platform, today announced that it has entered into … - Move will help boost manufacturing capacity as the company has been scrambling to meet demand Peloton Interactive Inc. has agreed to acquire commercial fitness-equipment provider Precor Inc. for $420 million in cash, in a move that will … 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. Peloton stock jumped. Let's examine … PreviousBallogy Secures Series A Funding Of $6 Million. 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 said it will acquire the fitness equipment manufacturer Precor in a deal worth $420 million. by Club Industry staff. Peloton acquires fitness machine manufacturer Precor. Peloton acquired Precor for $420 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness. Forward Looking Statement Dec 22, 2020. Leading interactive fitness platform Peloton (NASDAQ: PTON) announced that it has entered into an agreement to acquire Precor — which is one of the largest global commercial fitness equipment providers with a significant U.S. manufacturing presence in a deal valued at $420 million. to establish U.S. manufacturing capacity, boost research and development capabilities with Precor’s highly-skilled … Peloton buys Precor for $420 million, preps for hybrid digital fitness. The maker of pricey spinning bikes and treadmills has seen sales soar as demand for streaming exercise services and … Peloton (NASDAQ: PTON), a NYC-based interactive fitness platform, is to acquire Precor, a global commercial fitness equipment provider,in a transaction valued at … Peloton acquires Precor in $420 million deal. 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. See the press release here. 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. On Monday, Peloton announced it’s plunking down $420 million to acquire Precor, one of the world’s largest commercial fitness equipment makers. Peloton plans to acquire the exercise equipment manufacturer Precor for $420 million, in a bid to speed up production and meet promised delivery windows. 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. Moreover, the company can also expand its customer base and use the benefits offered by Precor’s development teams. On December 21, 2020, Peloton, the leading interactive fitness platform, announced that it has entered into an agreement to acquire Precor. Home fitness tech has been on a tear in 2020, and one major player is gearing up to capitalize on shifting workout habits for the long haul. According to Peloton, the move will enable the brand to establish U.S. manufacturing capacity, boost research and development capabilities, and accelerate penetration of the commercial market. 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 Peloton acquired Precor for $420 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness. This acquisition is going to increase the manufacturing capabilities of the company. 4 months ago. Under a $420 million deal announced late Monday, Peloton will acquire Precor's factories in North Carolina and Washington. 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 … Precor will now become a division of Peloton, with current Precor president, Rob Barker, becoming CEO of Precor and general manager of Peloton Commercial. The at-home fitness firm announced the acquisition Monday, and said the … Peloton stock jumped. The acquisition will help Peloton in setting up its US manufacturing capacity, increase its research and development capabilities with Precor’s team, and also speed up its penetration of the commercial market. Precor President Rob Barker will continue to lead Precor and become CEO, Precor and General Manager, Peloton Commercial. The acquisition of Precor was announced on December 21, 2020. NEW YORK, N.Y. - Peloton (NASDAQ: PTON), a leading interactive fitness platform, announces it has officially closed the acquisition of Precor, one of the largest global commercial fitness equipment providers with a significant U.S. manufacturing presence. Forward Looking Statement Diana Olick reports Peloton will acquire fitness equipment maker Precor. 1. level 1. brdd. (Photo courtesy Peloton.) A week of physical activity can possess health gains Even an hours. The deal is expected to close in Q1 of 2021. Peloton will acquire Precor, a hotel and university fitness equipment maker, for $420 million. The announcement sent stock prices in Peloton soaring, leaving investors happy after the company’s IPO earlier this year at around $28 per share. 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. Peloton (PTON) is seeing a major spike in PTON stock after announcing a $420 million deal to acquire fitness equipment company Precor. Peloton acquired Precor for $420 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness. In a … 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 … The acquisition of Precor was announced on December 21, 2020. bwng. The acquisition of Precor was announced on December 21, 2020. 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 … The acquisition gives Peloton 625,000 square feet of U.S. manufacturing capacity with in-house tooling and fabrication, product development, and quality assurance capabilities in North Carolina and Washington. The fitness company called Peloton Interactive has acquired another fitness company Precor for $420 Million. 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 Interactive Inc. has agreed to acquire commercial fitness-equipment provider Precor Inc. for $420 million in cash, in a move that will help it … Peloton has entered into an agreement to acquire Precor in a transaction valued at $420 million. Peloton, a US-based exercise equipment and media company, has agreed to acquire Precor, a commercial fitness equipment provider, for $420 million. Peloton Shares Pop 8% On Precor Acquisition; Street Stays Bullish. 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. The acquisition of Precor was announced on December 21, 2020. Peloton completes US$420m acquisition of Precor. Peloton acquired Precor for $420 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness. 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. Forward Looking Statement Transaction Details Peloton acquired Precor for $420 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness. NEW YORK, Dec. 21, 2020 /PRNewswire/ -- Peloton (NASDAQ: PTON), the leading interactive fitness platform, today announced that it has entered into … The deal also boosts Peloton’s product development efforts, by adding nearly 100 research-and-development employees to its existing staff. Peloton said the deal was motivated in large part by Precor’s U.S.-based manufacturing capacity, which Peloton said will allow it to deliver its connected fitness cycle and other products to its customers more quickly. Precor will become a division inside of Peloton, with the company’s president Rob Barker reporting to Peloton president William Lynch. Peloton shares soared on Tuesday after the company announced it would buy peer fitness-equipment company Precor in a deal valued at $420 million. Photo courtesy Precor. PELOTON TO ACQUIRE PRECOR. At-home fitness giant Peloton has officially completed the acquisition of equipment provider Precor, in a deal worth US$420m. Peloton shares surged 8.3% in the extended trading session on Monday as the interactive fitness platform entered into an agreement to acquire Precor, a global commercial fitness equipment provider, for $420 million. Apr 5, 2021 8:40pm. to establish U.S. manufacturing capacity, boost research and development capabilities with Precor’s highly-skilled … 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, Dec. 21, 2020 /PRNewswire/ -- Peloton (NASDAQ: PTON), the leading interactive fitness platform, today announced that it has entered into … The acquisition of Precor was announced on December 21, 2020. The acquisition of … Peloton Finalizes Purchase of Precor. 11:06 am December 22, ... Peloton’s President. The deal also boosts Peloton’s product development efforts, by adding nearly 100 research-and-development employees to its existing staff. People always forget how tech-driven businesses can easily scale their size/market cap beyond the incumbents that have more manufacturing know-how or capacity. 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 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. The deal is expected to close in Q1 of 2021. via: Peloton. Peloton acquired 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 to Acquire Major Fitness Equipment Maker Precor for $420M. Sirisha Bhogaraju. Precor is a division of Finnish sporting goods … As part of the deal, Peloton … Precor's existing factory footprint sets up Peloton to immediately start cranking out products. 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… Peloton acquired Precor for $420 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness. Shares up 8.5% after hours. Peloton acquired Precor for $420 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness. 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. Peloton acquired Precor for $420 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness. 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). ADVERTISEMENT. Since the pandemic led to a surge in sales of Peloton’s products, the The acquisition of Precor … 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. Should be interesting to see if Peloton can break into the hotel and commercial markets. The purchase should give Peloton a path to At the very least this should help with their distribution problems. This news caps off what has been a wildly successful year for Peloton. Forward Looking Statement Peloton acquired Precor for $420 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness. Peloton Acquires Precor for $420 Million By Julia Sachs ON December 23, 2020 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 acquired Precor for $420 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness. This week the deal was finalised. 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 … This time, the latest development involves a major acquisition—$420 million and all—of the global fitness equipment manufacturing giant, Precor, to be finalized in early 2021. Peloton, the interconnected exercise equipment company known mostly for its pricey bikes, is acquiring Precor, a supplier of commercial fitness equipment in a … The Wall Street Journal. Peloton (NASDAQ: PTON), the home fitness company that has dominated the industry amid the pandemic, acquired the fitness equipment company Precor for $420 million. The at-home fitness firm announced the acquisition Monday, and said the … 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. 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. 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 Precor was announced on … Under a $420 million deal announced late Monday, Peloton will acquire Precor's factories in North Carolina and Washington. 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. The acquisition of Precor … Peloton acquired Precor for $420 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness. The acquisition of Precor was announced on December 21, 2020. 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. McAfee says it found a flaw that let hackers bypass Peloton's boot verification process ... an area that the company is keen to expand in. Peloton Interactive has entered into an agreement to acquire Precor, the American producer of fitness equipment products, for $420 million.Precor, which last reported a turnover of close to $450 million in 2018, is a unit of Amer Sports, which has been taken over by a consortium that includes Anta Sports, FountainVest Partners, Anamered Investments and Tencent Holdings. The deal could speed up Peloton… Precor will become a division inside of Peloton, with the company’s president Rob Barker reporting to Peloton president William Lynch. The acquisition of Precor was announced on December 21, 2020. Forward Looking Statement 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 We’re very excited to see what possibilities this acquisition opens up for the future of fitness and for our customers. Peloton acquired Precor for $420 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness. The transaction is expected to close in early 2021. In this video, we go over Peloton's acquisition of Precor and what that means for the Peloton (PTON) stock. As announced in a press release, Peloton will acquire the exercise equipment manufacturer Precor for … 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 acquires Precor for $420 million - Peloton Buddy This evening Yahoo news broke the news that Peloton would be acquiring Precor for $420 million. Peloton. Press release above. Peloton's purchase of Precor brings supply chain heft, a road into the commercial market and … The acquisition of Precor … 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 should boost Peloton’s manufacturing capacity in the U.S. and market share for fitness products. 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. Peloton will acquire Precor's more than 625,000 square feet of manufacturing space and add nearly 100 research-and-development employees. Peloton will acquire Precor, a hotel and university fitness equipment maker, for $420 million. Peloton is aiming […]