Thea Quiz Ishan should boost Pelton's manufacturing capacity in the U.

S and market share for fitness products.

The maker of pricey spinning bikes and treadmills has seen sales soar as demand for streaming exercise services and work out equipment has risen during the pandemic, which forced gyms to shut and more people to work out at home.

But the company has struggled to keep up with demand as some of its components are sourced overseas, leading toe long wait times for consumers.

The deal announced Monday adds 625,000 square feet of manufacturing capacity for peloton as it acquires pre course factories in North Carolina and Washington.

Pre Core, a provider of treadmills, stationary bikes and workout accessories, is a unit of finished sports equipment maker Amer Sports, which is owned by a group of investors including anti sports and 10 cent.

Both Chinese companies.