StockNews.AI
TRNR
StockNews.AI
189 days

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

1. TRNR to acquire Sportstech, boosting revenue prospects beyond $50M by 2025. 2. Combining operations enhances TRNR's presence in key fitness markets, U.S. and Germany.

3m saved
Insight
Article

FAQ

Why Very Bullish?

The acquisition of Sportstech aligns with TRNR's growth strategy and expected revenue increase, similar to previous successful integrations in the fitness sector, indicating strong potential for stock price appreciation.

How important is it?

The transaction markedly enhances TRNR's operational scale and revenue projections, which are critical for investor confidence and market perception.

Why Long Term?

This acquisition is likely to yield sustained growth and profitability by 2025, positioning TRNR well in the evolving health and wellness market similar to past acquisitions that improved long-term shareholder value.

Related Companies

NASDAQ:TRNRSportstech
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.

Related News