Precor history

In 1984, Amer is the second Finnish company to be listed on the London Stock Exchange, and trading of the company’s “A” shares commences on 29 May.

In 1985, Amer acquires a majority holding in Marimekko, a Finnish design and textile company in the fields of interior decoration and ready-to-wear clothing.

The Sports Division is first constituted in 1986, when Amer acquires 80% of the MacGregor Golf Company from the world famous golfer Jack Nicklaus.

In 1987, a Chicago based paper merchants, Hobart Mc/Intosh Paper Company, is acquired and included into the Paper Division.

The acquisition is completed at the end of March 1989 for a total consideration of USD 200 million.

In 1994, Amer acquires the operations of Atomic, the Austrian manufacturer of winter sports equipment.

Since its release in 1995, the Precor Elliptical Fitness Crosstrainer™, or EFX® for short, has been a staple in gyms, fitness centers, and homes around the world.

Time/system, with sales subsidiaries in the Nordic countries, United Kingdom, Italy and Germany, is part of Amer Group until 1997.

Amer withdraws from its tobacco business on 26 March 2004 as Philip Morris agrees to buy back the exclusive right Amer Tobacco Ltd held to produce and sell Philip Morris cigarettes in Finland.

The 9.31 home treadmill receives Top Treadmill rating from a leading Consumer Rating Publication, besting 28 competitors, in the February 2010 issue; and the S3.15 Strength System for the home awarded Best Buy from Consumer Digest magazine.

Treadmill Doctor names 9.31 Treadmill its Best Buy Award Winner for 2011.

Treadmill Doctor announces that 9.31 and 9.23 Treadmills as well as EFX 5.31, 5.25 and 5.21 are 2012 Best Buy award winners

Peloton shares surged 12% to $161 on Tuesday, more than five times the eight-year-old company’s initial public offering price of $29 in September 2019.

When the deal closes, expected in early 2021, Peloton’s connected fitness products also will be made available to Precor’s commercial customers in Peloton’s existing markets, the companies said.