Interactive Strength Inc. (NASDAQ:TRNR) announced on March 6, 2025, that it has signed a non-binding letter of intent and exclusivity agreement to acquire a connected-fitness equipment company. The target business generated more than $15 million in revenue in 2024.
The proposed transaction involves all-stock consideration with a long lock-up period and is expected to close as early as the end of March 2025. TRNR anticipates that this acquisition will be accretive to its financial results and improve the target's profitability through potential operating synergies.
This deal marks TRNR's second expected transaction in 2025, adding further momentum to its growth strategy of making accretive acquisitions of high-potential businesses in the global health and wellness market.
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