Icon Health & Fitness, a Logan, Utah-based supplier of related health gear and software program, acquired a $200m progress funding.
The spherical was led by L Catterton, joined by present investor Pamplona Capital Administration.
The corporate intends to make use of the funds to additional speed up its progress technique of delivering its expansive vary of interactive health merchandise related by iFit, the corporate’s patented content material expertise and media platform. With roughly 700,000 paid subscribers, iFit is used at residence, on the gymnasium and on-the-go throughout Icon’s numerous vary of merchandise and partnerships.
Led by Scott Watterson, Founder, Chairman and CEO, Icon creates related health experiences throughout a number of manufacturers, a number of product classes and all shopper health segments. The corporate owns established health manufacturers NordicTrack®, ProForm® and Freemotion®, which provide related health membership providers powered by iFit, the reside and on-demand streaming health and wellness media platform.
ICON and iFit presently maintain greater than 330 expertise patents, with 80 pending, and its merchandise are current in 116 nations. iFit exercises are streamed in English, Spanish, French and Mandarin Chinese language, with extra languages deliberate for 2021.
The corporate has income exceeding $1 billion within the final 12 months (ending September 30, 2020).