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Interactive Strength Inc. (NASDAQ "TRNR") Signs Binding Agreement to Acquire Wattbike, a $15M+, Omni-Channel, Connected, Indoor- Performance-Bike Business

1. TRNR to acquire Wattbike, boosting 2025 pro forma revenue by over $65M. 2. Acquisition strengthens TRNR's position in US, Germany, and UK fitness markets.

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FAQ

Why Very Bullish?

The anticipated $65M revenue will contribute significantly to TRNR's growth, reminiscent of past successful acquisitions that boosted earnings.

How important is it?

This acquisition is pivotal for TRNR’s strategy, directly influencing revenue streams and competitive positioning.

Why Long Term?

The synergies from the acquisition will materialize over time, enhancing TRNR's market presence and operational scale.

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WATTPELONLS
Transaction Expected to Help TRNR Generate More than $65M in 2025 Revenue on a Pro Forma basis Wattbike is the Leading, Indoor-Bike Brand for Elite-Athlete Training and is Used by Olympians and Professional Sports Teams Worldwide - Including the NFL, NBA, MLB, NHL and Premier League TRNR Listing, Global Distribution Network to Help Wattbike Accelerate Growth, Especially in Key Markets Like US and Germany; Wattbike's Deep Penetration into Leading UK Gyms and Expanding D2C Customer Base to Similarly Speed Up Step-Changes to 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, Germany and UK, the #1, #2 and #3 Fitness Markets Globally Deal - Expected to be TRNR's 3rd Within a Year-and-a-Half - Builds on its Transformative Portfolio Strategy for Creating Long-Term Shareholder Value Acquisition Expected to Close as Early as the Second Quarter of 2025, Subject to Standard Regulatory Requirements AUSTIN, TX AND NOTTINGHAM, UK / ACCESS Newswire / April 8, 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 has signed a binding transaction agreement to acquire Wattbike, the pioneering indoor performance training bike business trusted by elite athletes and fitness enthusiasts worldwide, which has cumulatively sold more than 100,000 bikes. The binding agreement is a significant milestone for both growth businesses, forming a unique, omni-channel, fitness-equipment portfolio with key operations in each of the world's three largest fitness markets - the US, Germany and the UK - which also has a stellar global reputation among elite athletes and professional sports teams, health and medical professionals and top gyms.

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