69 days ago • Posted by William Ramstein

Peloton buys Precor for $420 Million

Peloton acquires Precor in an attempt to penetrate commercial markets and boost its manufacturing capacity at a period in time when the firm races to meet demand. Delays in delivery has hindered Peloton's overall customer satisfaction, delays due to import issues of their products from over seas suppliers. This purchase brings them closer to home and will enable them to enter hotels, multi-family residences, college and corporate campuses. Source; WSJ

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