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Interactive Strength Inc. (Nasdaq:TRNR) Signs Binding Agreement to Acquire Sportstech, a Profitable $40M+ Revenue Connected-Fitness Equipment Business

1. TRNR expects over $50M revenue in 2025 post-acquisition. 2. Acquisition of Sportstech enhances TRNR's global presence in fitness markets.

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FAQ

Why Bullish?

The significant expected revenue growth supports TRNR's financial prospects, similar to past successful acquisitions that bolstered stock performance.

How important is it?

The article discusses a significant acquisition that aligns with TRNR's growth strategy and revenue generation efforts.

Why Long Term?

The integration of Sportstech is expected to yield sustained growth, reminiscent of TRNR's previous acquisitions impacting long-term strategy.

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SPORTCLMBRFORME
TRNR is expected to generate more than $50M in revenue in 2025 on a pro forma basis and achieve EBITDA profitability in H2 ‘25 Sportstech is founder-led, having achieved profitability and scale without raising capital and has successfully sold equipment to almost 3 million customers since 2012 TRNR Listing and global presence to help Sportstech accelerate growth beyond core markets, most notably the US; Sportstech's scaled, profitable business to drive step-change for TRNR top and bottom lines Transaction delivers on previously-announced LOI, combines highly complementary businesses to create a scaled, international operation anchored in the US and Germany, the #1 and #2 fitness markets globally Deal - TRNR's second within 12 months - advances its strategy for building shareholder value through accretive acquisitions of profitable, growth businesses in the fragmented global health & wellness market TRNR CEO to discuss transaction at 2025 Connected: Health & Fitness Summit today in Los Angeles AUSTIN, TX / ACCESS Newswire / February 11, 2025 / Interactive Strength Inc. (NASDAQ:TRNR) ("TRNR" or "the Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today announced it had signed a binding transaction agreement to acquire Sportstech Brands Holding GMBH ("Sportstech"), the largest connected fitness and equipment company in Germany. The binding transaction agreement marks an expected milestone in the acquisition process, following TRNR's previously-announced non-binding LOI with Sportstech - and combines businesses with highly complementary operations to create a scaled group anchored in the US and Germany, the two largest fitness markets in the world.

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