Amer Group's Fitness Equipment business area expands to strength training
2004-01-13, 09:02
Amer Group Plc's Fitness Equipment business area, Precor Inc., is strengthening its position as a full-line supplier of fitness equipment by acquiring Fitness Products International (FPI), a strength product producer. Consideration for the acquisition is USD 11.8 million. FPI's main brand is Icarian.
The fitness club market is consolidating and club chains now value full-line fitness equipment suppliers more highly. Precor's offering is also complemented by financing solutions for fitness clubs, as well as an established international distribution network.
FPI's offerings include single and multi-station selectorised equipment, free motion models and plate equipment. FPI's annual sales are approximately USD 13 million and the company is profitable. The company employs 110 people.
Precor manufactures technically advanced premium-quality fitness equipment for the commercial and home markets, featuring aerobic exercise equipment, and stretching and strength-training systems. Precor is the recognised global leader in elliptical cross-trainers.
The fitness club market is consolidating and club chains now value full-line fitness equipment suppliers more highly. Precor's offering is also complemented by financing solutions for fitness clubs, as well as an established international distribution network.
FPI's offerings include single and multi-station selectorised equipment, free motion models and plate equipment. FPI's annual sales are approximately USD 13 million and the company is profitable. The company employs 110 people.
Precor manufactures technically advanced premium-quality fitness equipment for the commercial and home markets, featuring aerobic exercise equipment, and stretching and strength-training systems. Precor is the recognised global leader in elliptical cross-trainers.