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Smart Fitness Equipment Platforms sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Smart Fitness Equipment Platforms

1.1 - About Smart Fitness Equipment Platforms sector

Companies in the Smart Fitness Equipment Platforms category deliver connected exercise machines and software that guide, track, and personalize training. They combine embedded sensors, on-device interfaces, and companion apps to capture performance data and deliver adaptive coaching and content. By integrating with wearables and health platforms, these vendors help customers improve workout outcomes, engagement, and equipment utilization across home and commercial fitness environments.

Typical offerings include connected treadmills, bikes, rowers, and sensor-enabled strength systems with rep counting and load tracking. Vendors provide AI coaching engines, interactive classes, and content libraries delivered via on-device screens and mobile apps. Cloud analytics dashboards aggregate session data, while multi-user profiles, leaderboards, and gamification drive adherence. Integrations with Apple Health, Google Fit, and HR sensors enable biometric feedback, and remote diagnostics, OTA firmware updates, and API integrations support facility management and interoperability.

They serve commercial gyms and boutique studios, corporate wellness and hospitality operators, and at-home fitness users. Outcomes include higher member engagement through personalized programming, improved retention via compelling content and community features, reduced maintenance costs through predictive alerts and remote support, and better ROI from data-driven equipment utilization. They also enable hybrid coaching models, standardized experiences across locations, and subscription revenue tied to content and performance tracking.

2. Buyers in the Smart Fitness Equipment Platforms sector

2.1 Top strategic acquirers of Smart Fitness Equipment Platforms companies

Peloton Logo

Peloton

HQ: United States Website
  • Description: Provider of a connected fitness application that streams thousands of live and on-demand workout classes across 10+ disciplines. The Peloton App delivers real-time metrics, personalized progress tracking and multi-tier memberships, enabling users to exercise at home, the gym or on the go via phone, TV or tablet, with or without equipment.
  • Key Products:
  • Peloton Bike & Bike+: Internet-connected stationary bicycles with HD touchscreens that stream live/on-demand classes, display real-time metrics, leaderboard, and offer auto-resistance plus Bluetooth connectivity
  • Peloton Tread & Tread+: Connected treadmills with 32-inch or 23.8-inch touchscreens, slatted running surface, sound bar and safety features that deliver streamed running and boot-camp sessions
  • Peloton Row: Indoor rowing machine launched 2022 costing $3,195 that provides connected rowing workouts with class streaming and performance tracking
  • Peloton Digital Membership/App: $12.99-per-month service letting users without equipment stream Peloton’s cycling, running, strength, yoga and other classes via mobile app, web and TV platforms.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for Smart Fitness Equipment Platforms sector

M&A buyer group 1: At Home Fitness

19 companies View group →
Description: Companies in the Digital Health Home Fitness Platforms category build connected workout experiences that bring coaching, tracking, and health insights into the home. They offer mobile apps and smart-device software integrating with wearables and equipment to personalize training, stream classes, and monitor outcomes. By linking daily exercise with measurable health metrics, these vendors help consumers and wellness programs drive adherence, engagement, and improved fitness.
Peloton

Peloton

Website HQ: United States
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of a connected fitness application that streams thousands of live and on-demand workout classes across 10+ disciplines. The Peloton App delivers real-time metrics, personalized progress tracking and multi-tier memberships, enabling users to exercise at home, the gym or on the go via phone, TV or tablet, with or without equipment.
  • Key Products:
  • Peloton Bike & Bike+: Internet-connected stationary bicycles with HD touchscreens that stream live/on-demand classes, display real-time metrics, leaderboard, and offer auto-resistance plus Bluetooth connectivity
  • Peloton Tread & Tread+: Connected treadmills with 32-inch or 23.8-inch touchscreens, slatted running surface, sound bar and safety features that deliver streamed running and boot-camp sessions
  • Peloton Row: Indoor rowing machine launched 2022 costing $3,195 that provides connected rowing workouts with class streaming and performance tracking
  • Peloton Digital Membership/App: $12.99-per-month service letting users without equipment stream Peloton’s cycling, running, strength, yoga and other classes via mobile app, web and TV platforms.
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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Smart Fitness Equipment Platforms sector

3.1 - Buyout funds in the Smart Fitness Equipment Platforms sector

Buyout Funds investing in Smart Fitness Equipment Platforms companies

51+ funds
Description: Buyout funds focused on Smart Fitness Equipment Platforms companies globally.

Francisco Partners

Website HQ: United States
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in Smart Fitness Equipment Platforms
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for Smart Fitness Equipment Platforms sector

Growth Equity Funds in Smart Fitness Equipment Platforms companies

41+ funds
Description: Growth equity funds focused on Smart Fitness Equipment Platforms companies globally.

TCV

Website HQ: United States
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Smart Fitness Equipment Platforms
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Smart Fitness Equipment Platforms companies

4.2 - Public trading comparable groups for Smart Fitness Equipment Platforms sector

Valuation benchmark group 1: Connected Fitness and Sports Technology

3 companies View group →
Description: Companies in this trading comparable group develop and operate connected fitness and sports technology platforms spanning consumer wearables, at‑home equipment, and tech-enabled sports entertainment. Revenue models combine hardware sales, recurring digital subscriptions, and venue-based experiences. They are grouped together as valuation benchmarks because they monetize engagement in health, fitness, and sports through integrated device‑software ecosystems and premium brand positioning.
Garmin logo

Garmin

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of GPS navigation and wearable technology products across diverse markets including automotive, aviation, marine, fitness, and outdoor, focusing on enhancing user experience through innovative and reliable technology solutions.
  • Key Products:
  • Smartwatches: Advanced wearables for fitness and health monitoring
  • Automotive GPS: Navigation systems for vehicles with real-time traffic updates
  • Aviation Solutions: Avionics and navigation systems for aircrafts
  • Marine Electronics: Navigation, fish finding, and radar systems for marine use
  • Fitness Trackers: Wearable devices for tracking physical activities and health metrics.
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the Smart Fitness Equipment Platforms sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in Smart Fitness Equipment Platforms sector

Who are the top strategic acquirers of Smart Fitness Equipment Platforms companies?

Top strategic buyers in this sector include Peloton, a provider of a connected fitness application that streams thousands of live and on-demand workout classes across 10+ disciplines. the peloton app delivers real-time metrics, personalized progress tracking and multi-tier memberships, enabling users to exercise at home, the gym or on the go via phone, tv or tablet, with or without equipment. .

Which buyer groups are most relevant for Smart Fitness Equipment Platforms companies?

Relevant strategic buyer groups similar to the Smart Fitness Equipment Platforms sector include At Home Fitness because they share similar customer segments and product capabilities.

Financial Investors in Smart Fitness Equipment Platforms sector

Which are the top PE firms investing in Smart Fitness Equipment Platforms companies?

Potential investors in the broader Smart Fitness Equipment Platforms space include TCV and Francisco Partners.

Who are the top buyout funds acquiring Smart Fitness Equipment Platforms companies?

Active PE funds and buyout funds acquiring companies in the Smart Fitness Equipment Platforms space include Francisco Partners.

Who are the top growth equity funds investing in Smart Fitness Equipment Platforms companies?

Growth funds investing in the broader Smart Fitness Equipment Platforms sector include TCV.

Valuation of Companies in Smart Fitness Equipment Platforms sector

Which are the key public companies that are relevant trading comps for Smart Fitness Equipment Platforms companies?

Key trading comparable groups include Garmin, a provider of gps navigation and wearable technology products across diverse markets including automotive, aviation, marine, fitness, and outdoor, focusing on enhancing user experience through innovative and reliable technology solutions..

Which are the key trading comparable groups for Smart Fitness Equipment Platforms companies?

Similar trading comparable companies include Connected Fitness and Sports Technology. Our platform tracks detailed trading comparable groups in the Smart Fitness Equipment Platforms sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the Smart Fitness Equipment Platforms sector?

Our platform tracks M&A transactions in the Smart Fitness Equipment Platforms sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in Smart Fitness Equipment Platforms?

Access recent funding rounds in the Smart Fitness Equipment Platforms sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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