Only time will tell, but a recent string of acquisitions by Peloton may mean that the maker of stationary bikes and other exercise equipment has plans to develop its own fitness-focused smartwatch.

As reported by Bloomberg and Wareable, Peloton acquired Atlas Wearables, Aiqudo, and Otari late last year. [Otari makes interactive training mats, while Aiqudo helps integrate digital assistants into devices. [For example, Atlas Wearables' watches track movements during weightlifting and compare them to an algorithm to more accurately measure activity. For example, Atlas watches track movements during weightlifting and compare them to an algorithm to more accurately measure activity.

As interesting as Peloton's smartwatch sounds, this technology could also be incorporated into something like a smart workout mirror, such as Tonal or Mirror. It would be closer to Peloton's current line of fitness equipment, and its high-tech nature would certainly reflect Peloton's pedigree.

It is too early to speculate when anything will come out of these acquisitions - the deal was just completed in December - but it could mean a strong diversification of Peloton's offerings, especially for those looking to add weight training to their workout routines.