Interactive Strength Inc. Plans Strategic Acquisition in Connected-Fitness Sector

Interactive Strength Inc. (Nasdaq:TRNR) has announced the signing of a non-binding letter of intent to acquire a connected-fitness equipment company with revenues surpassing $40 million and positive EBITDA. This transaction, expected to close by early 2025, represents TRNR's second acquisition in a year.

The acquisition aligns with TRNR's strategy to use its public listing for acquiring profitable, high-growth businesses in the fragmented health and wellness market. It aims to broaden TRNR's equipment and brand offerings, leveraging the target's complementary products and customer base.

Interactive Strength Inc., known for its CLMBR and FORME brands, continues to expand its market reach, anticipating that this acquisition will positively impact its financial results.