Interactive strength inc. (nasdaq:trnr) signs letter of intent and exclusivity agreement to acquire $15m+ revenue connected-fitness equipment business
Target earned more than $15m in revenue in 2024 and trnr expects to improve target's profitability materially through potential operating synergies all-stock consideration with long lock-up - expected to close soon, reflecting months of discussions and due diligence - would be trnr's second transaction in 2025 already deal adds further momentum to trnr growth strategy of making accretive acquisitions of high-potential businesses in the highly fragmented, global health & wellness market austin, tx / access newswire / march 6, 2025 / 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 $15m+ in revenue connected-fitness equipment company. the proposed transaction is expected to close as early as the end of march 2025 - reflecting months of discussions - and is expected to be accretive to trnr's financial results.
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