Interactive Strength Inc. (Nasdaq:TRNR) Signs Letter of Intent and Exclusivity Agreement to Acquire $15M+ Revenue Connected-Fitness Equipment Business
Interactive Strength (NASDAQ:TRNR) has signed a non-binding letter of intent and exclusivity agreement to acquire a connected-fitness equipment company that generated over $15 million in revenue in 2024. The proposed acquisition, structured as an all-stock transaction with a long lock-up period, is expected to close by the end of March 2025.
This would mark TRNR's second transaction in 2025, following their Sportstech acquisition. The company, known for its CLMBR and FORME specialty fitness equipment brands, expects the deal to be accretive to its financial results and aims to improve the target's profitability through operating synergies. The acquisition aligns with TRNR's growth strategy of making accretive acquisitions in the fragmented global health & wellness market.
Interactive Strength (NASDAQ:TRNR) ha firmato una lettera di intenti non vincolante e un accordo di esclusività per acquisire un'azienda di attrezzature per il fitness connesse che ha generato oltre 15 milioni di dollari di fatturato nel 2024. L'acquisizione proposta, strutturata come una transazione interamente in azioni con un lungo periodo di lock-up, dovrebbe concludersi entro la fine di marzo 2025.
Questo rappresenterebbe la seconda transazione di TRNR nel 2025, dopo l'acquisizione di Sportstech. L'azienda, nota per i suoi marchi di attrezzature fitness specializzate CLMBR e FORME, si aspetta che l'accordo contribuisca positivamente ai suoi risultati finanziari e punta a migliorare la redditività dell'obiettivo attraverso sinergie operative. L'acquisizione è in linea con la strategia di crescita di TRNR di effettuare acquisizioni accretive nel frammentato mercato globale della salute e del benessere.
Interactive Strength (NASDAQ:TRNR) ha firmado una carta de intención no vinculante y un acuerdo de exclusividad para adquirir una empresa de equipos de fitness conectados que generó más de 15 millones de dólares en ingresos en 2024. La adquisición propuesta, estructurada como una transacción totalmente en acciones con un largo período de bloqueo, se espera que se cierre a finales de marzo de 2025.
Esto marcaría la segunda transacción de TRNR en 2025, después de su adquisición de Sportstech. La empresa, conocida por sus marcas de equipos de fitness especializados CLMBR y FORME, espera que el acuerdo sea positivo para sus resultados financieros y tiene como objetivo mejorar la rentabilidad del objetivo a través de sinergias operativas. La adquisición se alinea con la estrategia de crecimiento de TRNR de realizar adquisiciones accretivas en el fragmentado mercado global de salud y bienestar.
인터랙티브 스트렝스 (NASDAQ:TRNR)는 2024년에 1500만 달러 이상의 수익을 올린 연결 피트니스 장비 회사를 인수하기 위한 비구속적 의향서 및 독점 계약을 체결했습니다. 제안된 인수는 장기 잠금 기간을 가진 전액 주식 거래로 구조화되어 있으며, 2025년 3월 말까지 마무리될 것으로 예상됩니다.
이는 TRNR의 2025년 두 번째 거래가 될 것이며, Sportstech 인수에 이어 진행됩니다. CLMBR 및 FORME 전문 피트니스 장비 브랜드로 알려진 이 회사는 이 거래가 재무 결과에 긍정적인 영향을 미칠 것으로 기대하며, 운영 시너지를 통해 목표의 수익성을 개선하는 것을 목표로 하고 있습니다. 이 인수는 글로벌 건강 및 웰빙 시장에서 인수 합병을 통해 성장을 도모하는 TRNR의 성장 전략과 일치합니다.
Interactive Strength (NASDAQ:TRNR) a signé une lettre d'intention non contraignante et un accord d'exclusivité pour acquérir une entreprise d'équipements de fitness connectés ayant généré plus de 15 millions de dollars de revenus en 2024. L'acquisition proposée, structurée comme une transaction entièrement en actions avec une longue période de verrouillage, devrait être finalisée d'ici la fin mars 2025.
Cela marquerait la deuxième transaction de TRNR en 2025, après son acquisition de Sportstech. L'entreprise, connue pour ses marques d'équipements de fitness spécialisés CLMBR et FORME, s'attend à ce que l'accord soit bénéfique pour ses résultats financiers et vise à améliorer la rentabilité de la cible grâce à des synergies opérationnelles. L'acquisition s'inscrit dans la stratégie de croissance de TRNR consistant à réaliser des acquisitions accretives sur le marché mondial de la santé et du bien-être, qui est fragmenté.
Interactive Strength (NASDAQ:TRNR) hat einen nicht verbindlichen Letter of Intent und einen Exklusivitätsvertrag unterzeichnet, um ein Unternehmen für vernetzte Fitnessgeräte zu erwerben, das über 15 Millionen Dollar Umsatz im Jahr 2024 generiert hat. Die vorgeschlagene Übernahme, die als vollständige Aktien-Transaktion mit einer langen Sperrfrist strukturiert ist, soll bis Ende März 2025 abgeschlossen werden.
Dies würde die zweite Transaktion von TRNR im Jahr 2025 markieren, nach der Übernahme von Sportstech. Das Unternehmen, bekannt für seine speziellen Fitnessgeräte-Marken CLMBR und FORME, erwartet, dass der Deal sich positiv auf die finanziellen Ergebnisse auswirkt, und zielt darauf ab, die Rentabilität des Zielunternehmens durch operative Synergien zu verbessern. Die Übernahme steht im Einklang mit der Wachstumsstrategie von TRNR, akquisitorische Übernahmen im fragmentierten globalen Gesundheits- und Wellnessmarkt durchzuführen.
- Target company brings $15M+ in annual revenue
- Expected to be financially accretive
- Potential operating synergies to improve target's profitability
- All-stock deal preserves cash resources
- Non-binding letter of intent - deal not yet finalized
- All-stock transaction may lead to shareholder dilution
Target earned more than
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
For more commentary, information and details on the rationale for and structure of the acquisition, please see TRNR's shareholder update. For details of TRNR's strategy, including its Sportstech acquisition, see TRNR's investor deck on the Company's investor website as well as its required filings with the US Securities & Exchange Commission (SEC).
TRNR Investor Contact
ir@interactivestrength.com
TRNR Media Contact
forme@jacktaylorpr.com
About Interactive Strength Inc.:
Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2) FORME. Interactive Strength Inc. is listed on NASDAQ (symbol:TRNR).
CLMBR is a vertical climbing machine that offers an efficient and effective full-body strength and cardio workout. CLMBR's design is compact and easy to move - making it perfect for commercial or in-home use. With its low impact and ergonomic movement, CLMBR is safe for most ages and levels of ability and can be found at gyms and fitness studios, hotels, and physical therapy facilities, as well as available for consumers at home. www.clmbr.com.
FORME is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic fitness experience through two connected hardware products: 1) The FORME Studio Lift (fitness mirror and cable-based digital resistance) and 2) The FORME Studio (fitness mirror). In addition to the company's connected fitness hardware products, FORME offers expert personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal training. www.formelife.com.
Forward-Looking Statements:
This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the possibility of completing this or other acquisitions, in general or as early as the end of March 2025, as well as the acquisition being accretive to the Company's financial results, or the profitability materially improving through operating synergies. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.
Contact Information
John McNamara
IR
john@tradigitalir.com
917-658-2602
SOURCE: Interactive Strength Inc.
View the original press release on ACCESS Newswire
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