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Peloton spent $47.4 million on a company that makes its bike, tackling one of its biggest risks | Business Insider
Source: Flickr photo by Matt Gibson, Peloton; bike race // CC By-NC 2.0 https://creativecommons.org/licenses/by-nc/2.0/

Peloton spent $47.4 million on a company that makes its bike, tackling one of its biggest risks | Business Insider

Earlier this year, Peloton became a publicly listed company, and has recently filed its first quarterly results. Shareholders were informed on huge accomplishments, the biggest being the $47.4 million acquisition on Tonic Fitness Technology. The Taiwan company is one of Peloton’s biggest manufacturing partners. Having control of this supply chain alleviates much risk moving forward, such as delays, shortages of materials, price increases, etc. Peloton’s mission is to “scale production capabilities, increase innovations and deliver the highest quality connected fitness products in the market.” It looks like this big acquisition has put them in the right direction to fulfilling that.

Source: https://www.businessinsider.com