October 5, 2020 | technology | No Comments
Investment Will Further Accelerate Growth of Fitness Leader’s Connected Equipment and Industry-leading Subscription Technology Platform iFit
ICON Health & Fitness (“ICON”), the world leader in innovation, design and distribution of connected fitness equipment and software, today announced a $200 million growth investment led by L Catterton, the largest and most global consumer-focused private equity firm, and is joined by existing investor Pamplona Capital Management.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005720/en/
(Photo: Business Wire)
ICON owns established industry-leading fitness brands NordicTrack®, ProForm® and Freemotion®, which offer connected fitness membership services powered by iFit, the immersive live and on-demand streaming fitness and wellness media platform.
With revenue exceeding $1 billion in the last 12 months (ending September 30, 2020), ICON is the only company which creates connected fitness experiences across multiple brands, multiple product categories and all consumer fitness segments.
The investment will further accelerate ICON’s unique