Peloton Interactive has completed its acquisition of Precor, the American producer of fitness equipment that was part of Amer Sports until the Anta-led consortium agreed to divest it last December for a price of $420 million in cash, with adjustments for working capital, transaction expenses, cash and debt. In announcing its plans for the acquisition of Precor, Peloton said it will allow it to expand its manufacturing and R&D capacity, with a base in the U.S. that should help it to curtain its late deliveries. The first Peloton products should roll off Precor’s American assembly lines before the year is out. The company has maintained a head office and campus in the Texas town of Plano since 2018. Anta Sports Products has reported a sales decline of 21 percent for Precor in 2020, down to the equivalent of $293 million, largely due to the closure of gyms and hotels because of Covid. However, besides its much-needed extra manufacturing capacity, Precor’s takeover will give Peloton a turn-key operation specializing in commercial fitness that will provide a useful hedge against its fast-growing home fitness business when consumers will return to the gyms. Precor’s president, Rob Barker, is to become the CEO of Precor and general manager of its new Peloton Commercial unit, reporting to Peloton’s president, William Lynch.