Health and Fitness Club Industry News: Suppliers
Sunday, August 9th, 2026
Peloton To Build First U.S. Factory
Posted: May 24, 2021 in Suppliers
NEW YORK, N.Y. - Peloton Interactive, Inc. (Nasdaq: PTON) has announced plans to build its first U.S. factory. After a rigorous selection process, Peloton selected Troy Township in Wood County, Ohio for the site of Peloton Output Park (POP), a state-of-the art factory that will be dedicated to producing Peloton's award-winning Peloton Bike, Bike+ and Peloton Tread starting in 2023. Peloton expects to break ground on the site later this summer. Throughout the multi-year development, Peloton will commit approximately $400 million to the facility. Read More...
CPSC and Peloton Announce Recall of Tread+ and Tread Treadmills Due to Risk of Injury
Posted: May 5, 2021 in Suppliers
WASHINGTON, D.C. - The U.S. Consumer Product Safety Commission (CPSC) and Peloton announce two separate voluntary recalls of Peloton's Tread+ and Tread treadmills. Consumers who have purchased either treadmill should immediately stop using it and contact Peloton for a full refund or other qualified remedy as described in the following press releases. Peloton has also stopped sale and distribution of the Tread+ and continues to work on additional hardware modifications. CPSC previously warned consumers about the Tread+ in April. Read More...
Peloton Completes Acquisition of Precor
Posted: April 1, 2021 in Suppliers
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. 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. Read More...
Peloton Announces Expansion Into Australia
Posted: March 8, 2021 in Suppliers
NEW YORK, N.Y. - Peloton, a leading interactive fitness platform that pioneered connected, technology-enabled fitness, has announced plans to launch in Australia, marking the brand's entry to the Asia Pacific Region. Read More...
Peloton Enters into Agreement to Acquire Cevian Technologies
Posted: February 23, 2021 in Suppliers
CALGARY, AB - Peloton announces that they have entered into an agreement to acquire Cevian Technologies, a cloud-based software company that specializes in real-time data acquisition, visualization and reporting tools for the completions industry. Read More...
Peloton Signs Agreement To Acquire Precor
Posted: December 21, 2020 in Suppliers
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. With the acquisition, Peloton plans to establish U.S. manufacturing capacity, boost research and development capabilities with Precor's highly-skilled team and accelerate Peloton's penetration of the commercial market. Read More...
Peloton Announces Settlement Of Litigation Against Flywheel Sports, Inc.
Posted: February 5, 2020 in Suppliers
NEW YORK, N.Y. - Peloton (NASDAQ: PTON), the world's largest interactive fitness platform, has announced that it has settled its patent infringement litigation against Flywheel Sports, Inc. In 2018 and 2019, Peloton initiated patent infringement suits against Flywheel related to its Fly Anywhere bike for infringing on Peloton's patented technology. Peloton now officially issues the following statement... Read More...
Peloton Announces Pricing of Initial Public Offering
Posted: September 25, 2019 in Suppliers
NEW YORK, N.Y. - Peloton Interactive, Inc. has announced the pricing of its initial public offering of 40,000,000 shares of Class A common stock at a public offering price of $29.00 per share. The company will trade on the Nasdaq Global Select Market under the ticker symbol "PTON." Read More...
Peloton Announces Launch of Initial Public Offering
Posted: September 10, 2019 in Suppliers
NEW YORK, N.Y. - Peloton Interactive, Inc. announced that it plans to commence the roadshow for its proposed initial public offering. Peloton has filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) to offer 40,000,000 shares of its Class A common stock to the public. Peloton also intends to grant the underwriters a 30-day option to purchase up to an additional 6,000,000 shares of Class A common stock from Peloton. The initial public offering price is expected to be between $26.00 and $29.00 per share. Peloton has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "PTON." Read More...
Peloton Announces Filing Of Registration Statement For Proposed Initial Public Offering
Posted: August 28, 2019 in Suppliers
NEW YORK, N.Y. - Peloton Interactive, Inc. has announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Peloton has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "PTON." Read More...
