NEW YORK, NY—April 7, 2021—Peloton (NASDAQ:PTON), the leading interactive fitness platform, announced that it has officially closed the acquisition of Precor, one of the largest global commercial fitness equipment providers with a significant U.S. manufacturing presence. With this acquisition, Peloton establishes its U.S. manufacturing capacity, anticipates boosting research and development capabilities with Precor’s highly-skilled team and accelerating Peloton’s penetration of the commercial market. Peloton plans to produce connected fitness products in the United States before the end of the calendar year 2021.

"Este é um marco importante para a Peloton e para a nossa comunidade global", disse William Lynch, Presidente da Peloton. "Passámos os últimos meses a aprender mais sobre o foco incansável da Precor na experiência do cliente e estamos agora ainda mais entusiasmados por dar as boas-vindas a esta equipa talentosa na Peloton. Agora, com a Peloton e a Precor, acreditamos que estamos ainda mais bem posicionados para alcançar o nosso objetivo de levar a melhor experiência em saúde e fitness conectados a mais pessoas em todo o mundo."

O presidente da Precor, Rob Barker, continuará a liderar a Precor e tornar-se-á diretor executivo da Precor e diretor geral da Peloton Commercial, respondendo perante Lynch.

"Os próximos meses serão alguns dos mais emocionantes, pois a Precor e a Peloton trabalham juntas para construir o futuro e capacitar mais pessoas a viver as vidas que desejam", disse Barker. "Com a Peloton Commercial, esperamos poder não só continuar a nossa relação com os nossos clientes actuais, mas também expandir a experiência Peloton que milhões de pessoas têm em casa para ainda mais hotéis, campus e residências multifamiliares."

Detalhes da transação

A Peloton adquiriu a Precor por 420 milhões de dólares em dinheiro, sujeito a ajustes habituais para capital de giro, despesas de transação, dinheiro e endividamento. A aquisição da Precor foi anunciada em 21 de dezembro de 2020.

Declaração prospetiva

This press release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which involve risks and uncertainties. These forward-looking statements include, but are not limited to, statements related to the expected benefits of the transaction, including but not limited to, the expected acceleration of Peloton and Precor strategies, the expected enhancement in research and development capabilities and the expected acceleration in the penetration of Peloton’s commercial market; any statements regarding Peloton’s future intention with Precor; statements regarding the anticipated timing to produce connected fitness products in the United States; and any other statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. You can identify these statements by the use of terminology such as “believe”, “expect”, “will”, “should,” “could”, “estimate”, “anticipate” or similar forward-looking terms. You should not rely on these forward-looking statements as they involve risks and uncertainties that may cause actual results to vary materially from the forward-looking statements. Factors that might contribute to such differences include, among others, the risk of stockholder litigation in connection with the transaction; the retention of Precor employees and Peloton’s ability to successfully integrate the Precor business; risks inherent in the achievement of anticipated synergies and the timing thereof; our ability to attract and retain our connected fitness product and digital subscription base; our limited operating history; our ability to anticipate and satisfy consumer preferences; the effects of the highly competitive market in which we operate; market acceptance of our connected fitness products; our ability to successfully develop and timely introduce new products and services; our ability to accurately forecast consumer demand and adequately manage our inventory; our ability to maintain the value and reputation of the Peloton brand; a decrease in sales of our Bike; the continued growth of the connected fitness market; the loss of any one of our third-party suppliers, manufacturers, or logistics partners; our ability to achieve our objectives and our strategic and operational initiatives; litigation and related costs; the impact of privacy and data security laws; and other general market, political, economic, and business conditions.

For more information regarding the risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements, as well as risks relating to our business in general, we refer you to the “Risk Factors” section of our Securities and Exchange Commission (SEC) filings, including our most recent Form 10-K and 10-Q, which are available on the Investor Relations page of our website at investor.onepeloton.com/investor-relations and on the SEC website at sec.gov.

Todas as declarações prospectivas aqui contidas baseiam-se em informações disponíveis à data do presente documento e não se deve confiar nas declarações prospectivas como previsões de acontecimentos futuros. Os eventos e circunstâncias reflectidos nas declarações prospectivas podem não se concretizar ou ocorrer. Embora acreditemos que as expectativas reflectidas nas declarações prospectivas são razoáveis, não podemos garantir resultados, desempenho ou realizações futuras. Não assumimos qualquer obrigação de atualizar qualquer uma destas declarações prospectivas por qualquer motivo após a data deste comunicado de imprensa ou de conformar estas declarações com resultados reais ou expectativas revistas, exceto conforme exigido por lei. Não deve ser depositada confiança indevida em declarações prospectivas.

Sobre o Peloton

Peloton is the leading interactive fitness platform, with a loyal community of more than 4.4 million Members. The company pioneered connected, technology-enabled fitness, and the streaming of immersive, instructor-led boutique classes for its Members anytime, anywhere. Peloton makes fitness entertaining, approachable, effective, and convenient, while fostering social connections that encourage its Members to be the best versions of themselves. An innovator at the nexus of fitness, technology, and media, Peloton has reinvented the fitness industry by developing a first-of-its-kind subscription platform that seamlessly combines the best equipment, proprietary networked software, and world-class streaming digital fitness and wellness content, creating a product that its Members love. The brand’s immersive content is accessible through the Peloton Bike, Bike+, Tread, Tread+ and Peloton App, which allows access to a full slate of fitness classes across disciplines, on any iOS or Android device, Apple TV, Fire TV, Roku TVs, and Chromecast and Android TV. Founded in 2012 and headquartered in New York City, Peloton has a growing number of retail showrooms across the U.S., UK, Canada and Germany. For more information, visit www.onepeloton.com.

Sobre a Precor

Precor, a unit of Peloton and headquartered in Greater Seattle, WA, has been a pioneer in delivering fitness experiences for commercial customers and exercisers for more than 40 years. Precor serves more than 100 countries worldwide with offices in the Americas, EMEA, and APAC and operates two U.S.-based manufacturing locations. Precor products and services span across all major categories, including cardio, strength, functional fitness, group training, and connected solutions. In 2020, Precor reached the milestone of recording one billion workouts in its Preva® fitness cloud. That number represents more than 140,000 connected units in over 13,000 facilities. On average, Precor exercisers record more than 20 million minutes of workouts each day as recorded by the Precor digital platform Preva®. Precor segments include commercial clubs/facilities and the verticals of Hospitality, Multi-family Housing, Corporate, and Education. For more information, visit www.Precor.com.

Contactos para os meios de comunicação social:

Christopher ‘Skip’ Wilson
Precor Global Brand & Communications
Christopher.Wilson@Precor.com

Amelise Lane
Peloton Corporate Communications
press@onepeloton.com