Who owns Precor Home Fitness?
Amer Sports Corporation
Precor is purchased from ITW, becoming a subsidiary of Amer Sports Corporation, the world’s largest sports equipment company, with internationally recognized brands Wilson, Atomic, Suunto, Salomon, Arc’Teryx and Mavic.
Is Precor still in business?
The deal is expected to close in early 2021. Once it is completed, Precor will operate as a business unit within Peloton, the company said. As it joins Peloton, Precor will continue to sell its existing brands.
How much does Precor gym equipment cost?
Because Precor machines are high quality and long lasting, they do cost a bit more than average. Precor ellipticals typically range from $1,600 to $7,000, treadmills go for anywhere from $1,600 to $5,000, bikes cost roughly $2,800 to $3,600 and an AMT is priced around $8,500.
Who sold Precor?
Peloton
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.
Who did peloton sell?
Precor
With rising demand from affluent stay-at-home consumers, interactive fitness bike maker Peloton agreed to buy Precor, a major provider of workout machines to gyms and hotels, for $420 million, its biggest purchase to date.
Is Precor Made in USA?
Precor manufactures a variety of commercial cardio trainers in the USA. Precor recently built a new state of the art manufacturing facility in Greensboro, North Carolina, USA.
Is Precor worth the money?
Our Verdict: Precor treadmills are world-class workout machines. They are attractive, durable, easy-to-use, and provide excellent support for runners. The only drawbacks are the price tags on the more advanced models and the absence of multimedia entertainment that other treadmill manufacturers offer.
Does Planet Fitness Use Precor?
This agreement provides Planet Fitness franchisees the option to equip clubs with the full range of Precor commercial cardiovascular and strength equipment, in addition to Queenax®, the world’s most unique functional and suspension training system. …
Where is Precor manufactured?
WOODINVILLE, WA – Precor has opened and begun operations at its new facility in Guilford County, North Carolina, near Greensboro. The plant, which will produce Precor strength products, replaces a smaller facility in Valencia, CA.
Does Precor own Peloton?
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.