Experts weigh in on impact of Peloton's $420 million Precor acquisition
Precor Peloton announced Monday that it was buying the fitness-equipment provider Precor for $420 million. Analysts said the deal would play a significant role in both short- and long-term growth for Peloton, including increasing production capabilities through Precor's 625,000 square feet of manufacturing space, while also helping the luxury-fitness company push into more commercial venues like hotels and gyms. "The deal helps Peloton add a large footprint to be able to serve consumers who will still continue to exercise from home as the restrictions and sta...
Source: businessinsider.com