New York-based Horizon Fitness has been acquired by Fitbit, the sports wearable maker announced.
The deal, announced today, comes as Fitbit is working on its Fitbit Run smartwatch.
The acquisition brings Horizon Fitness’ total value to $6.3 billion.
Horizon Fitness said it was “pleased to join forces with Fitbit”.
The Fitbit Fit, which is the fitness tracking device used by nearly every athlete and athlete-in-training around the world, also announced it had raised $500 million in funding.
In a statement, the company said: “As an early leader in the wearable category, we look forward to continuing our relationship with Horizon Fitness and the Fitbit brand.”
The FitBit, which launched in 2015, has sold over 25 million devices worldwide, with an average selling price of $349.
The Fit, a wrist-worn fitness tracker, is owned by Google and is available in 32 countries.
It is a wrist band that uses an accelerometer and gyroscope to measure your pace, distance, calories burned and more.
It is also connected to a smartphone or tablet to track workouts.