Interactive Strength Inc. (Nasdaq:TRNR) Signs Binding Agreement to Acquire Sportstech, a Profitable $40M+ Revenue Connected-Fitness Equipment Business
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Interactive Strength Inc. (Nasdaq: TRNR) has signed a binding agreement to acquire Sportstech, a profitable connected-fitness equipment business with over $40M in revenue. This acquisition is expected to boost TRNR's revenue to over $50M by 2025 and achieve EBITDA profitability in the second half of 2025. The deal will enhance TRNR's presence in the US and Germany, the top fitness markets globally.
February 11, 2025 | 1:15 pm
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Interactive Strength Inc. (TRNR) is acquiring Sportstech, a profitable connected-fitness equipment company, to enhance its revenue and market presence. The acquisition is expected to increase TRNR's revenue to over $50M by 2025 and achieve profitability in the second half of 2025.
The acquisition of Sportstech is a strategic move for TRNR, expected to significantly boost its revenue and profitability. The deal enhances TRNR's market presence in the US and Germany, the largest fitness markets, which is likely to positively impact its stock price in the short term.
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