Interactive strength inc. (nasdaq:trnr) signs exclusive letter of intent to acquire scaled and profitable, connected-fitness equipment business

Exclusive non-binding letter of intent signed with target that has more than $40 million in revenue and positive ebitda in 100% equity consideration transaction acquisition is expected to be trnr's second transaction within 12 months advances strategy of using public listing to make accretive acquisitions of profitable and high-growth businesses in the highly fragmented health & wellness market globally target's complementary product and customer footprint expands trnr's range of equipment and brands austin, tx / accesswire / december 12, 2024 / interactive strength inc. (nasdaq:trnr) ("trnr" or "the company"), maker of innovative specialty fitness equipment under the clmbr and forme brands, today announced that the company has signed a non-binding letter of intent and exclusivity agreement to acquire a connected-fitness equipment company. the proposed transaction is expected to close as early as the first quarter of 2025 and be accretive to trnr's financial results.
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