Interactive Strength Inc. (Nasdaq: TRNR) Completes Acquisition of Wattbike, Creating a Diversified Global Fitness Platform on Track for More than $75 Million in Pro Forma 2025 Revenue
Interactive Strength (Nasdaq: TRNR) has completed its all-stock acquisition of Wattbike, a leading indoor performance training bike manufacturer that has sold over 100,000 bikes. The acquisition follows approval from the UK Financial Conduct Authority and marks a significant milestone in TRNR's transformational strategy.
The company projects over $75 million in pro forma 2025 revenue and expects to achieve profitability in Q4 2025. This guidance includes the impact of both the Wattbike acquisition and the pending Sportstech acquisition, which is scheduled to close in Q3 2025. The deal creates a diversified connected hardware portfolio spanning cycling (Wattbike), vertical climbing (CLMBR), and digital strength (FORME).
Additionally, TRNR has established a $55 million Digital Asset Treasury that is actively purchasing $FET cryptocurrency. The company plans to leverage Wattbike's performance training dataset for AI-focused training experiences developed with Fetch.ai, supported by an announced up to $500 million $FET Digital Asset Treasury strategy.
Interactive Strength (Nasdaq: TRNR) ha completato l'acquisizione interamente in azioni di Wattbike, un produttore leader di bici da allenamento indoor che ha venduto oltre 100.000 biciclette. L'acquisizione, approvata dalla UK Financial Conduct Authority, rappresenta una tappa importante nella strategia di trasformazione di TRNR.
L'azienda prevede oltre 75 milioni di dollari di ricavi pro forma per il 2025 e si aspetta di raggiungere la redditivit脿 nel quarto trimestre del 2025. Questa previsione include l'impatto sia dell'acquisizione di Wattbike sia di quella in corso di Sportstech, che dovrebbe concludersi nel terzo trimestre del 2025. L'accordo crea un portafoglio diversificato di hardware connesso che comprende ciclismo (Wattbike), arrampicata verticale (CLMBR) e forza digitale (FORME).
Inoltre, TRNR ha istituito un tesoro di asset digitali da 55 milioni di dollari che sta attivamente acquistando la criptovaluta $FET. L'azienda intende sfruttare il dataset di allenamento delle prestazioni di Wattbike per sviluppare esperienze di allenamento focalizzate sull'intelligenza artificiale in collaborazione con Fetch.ai, supportata da una strategia annunciata di tesoro di asset digitali $FET fino a 500 milioni di dollari.
Interactive Strength (Nasdaq: TRNR) ha completado su adquisici贸n totalmente en acciones de Wattbike, un fabricante l铆der de bicicletas de entrenamiento de rendimiento en interiores que ha vendido m谩s de 100,000 bicicletas. La adquisici贸n, aprobada por la Autoridad de Conducta Financiera del Reino Unido, representa un hito significativo en la estrategia de transformaci贸n de TRNR.
La compa帽铆a proyecta m谩s de 75 millones de d贸lares en ingresos pro forma para 2025 y espera alcanzar la rentabilidad en el cuarto trimestre de 2025. Esta gu铆a incluye el impacto tanto de la adquisici贸n de Wattbike como de la pendiente adquisici贸n de Sportstech, que se espera cerrar en el tercer trimestre de 2025. El acuerdo crea una cartera diversificada de hardware conectado que abarca ciclismo (Wattbike), escalada vertical (CLMBR) y fuerza digital (FORME).
Adem谩s, TRNR ha establecido un tesoro de activos digitales de 55 millones de d贸lares que est谩 comprando activamente la criptomoneda $FET. La compa帽铆a planea aprovechar el conjunto de datos de entrenamiento de rendimiento de Wattbike para experiencias de entrenamiento centradas en IA desarrolladas con Fetch.ai, respaldadas por una estrategia anunciada de tesoro de activos digitales $FET de hasta 500 millones de d贸lares.
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Interactive Strength (Nasdaq : TRNR) a finalis茅 son acquisition enti猫rement en actions de Wattbike, un fabricant leader de v茅los d'entra卯nement indoor ayant vendu plus de 100 000 v茅los. Cette acquisition, approuv茅e par la Financial Conduct Authority du Royaume-Uni, marque une 茅tape importante dans la strat茅gie de transformation de TRNR.
L'entreprise pr茅voit plus de 75 millions de dollars de revenus pro forma en 2025 et s'attend 脿 atteindre la rentabilit茅 au quatri猫me trimestre 2025. Cette pr茅vision inclut l'impact de l'acquisition de Wattbike ainsi que celle en cours de Sportstech, dont la cl么ture est pr茅vue au troisi猫me trimestre 2025. Cet accord cr茅e un portefeuille diversifi茅 de mat茅riels connect茅s couvrant le cyclisme (Wattbike), l'escalade verticale (CLMBR) et la force digitale (FORME).
De plus, TRNR a 茅tabli une tr茅sorerie d'actifs num茅riques de 55 millions de dollars qui ach猫te activement la cryptomonnaie $FET. L'entreprise pr茅voit d'exploiter les donn茅es d'entra卯nement de performance de Wattbike pour d茅velopper des exp茅riences d'entra卯nement ax茅es sur l'IA en collaboration avec Fetch.ai, soutenue par une strat茅gie annonc茅e de tr茅sorerie d'actifs num茅riques $FET pouvant atteindre 500 millions de dollars.
Interactive Strength (Nasdaq: TRNR) hat die vollst盲ndige Aktientransaktion zur 脺bernahme von Wattbike abgeschlossen, einem f眉hrenden Hersteller von Indoor-Performance-Trainingsr盲dern, der 眉ber 100.000 Fahrr盲der verkauft hat. Die 脺bernahme wurde von der britischen Finanzaufsichtsbeh枚rde genehmigt und stellt einen bedeutenden Meilenstein in TRNRs Transformationsstrategie dar.
Das Unternehmen prognostiziert 眉ber 75 Millionen US-Dollar Pro-Forma-Umsatz f眉r 2025 und erwartet, im vierten Quartal 2025 profitabel zu sein. Diese Prognose umfasst sowohl die Auswirkungen der Wattbike-脺bernahme als auch der anstehenden 脺bernahme von Sportstech, die im dritten Quartal 2025 abgeschlossen werden soll. Der Deal schafft ein diversifiziertes Portfolio vernetzter Hardware in den Bereichen Radfahren (Wattbike), vertikales Klettern (CLMBR) und digitale Kraft (FORME).
Dar眉ber hinaus hat TRNR einen Digital Asset Treasury in H枚he von 55 Millionen US-Dollar eingerichtet, der aktiv die Kryptow盲hrung $FET erwirbt. Das Unternehmen plant, den Leistungsdatensatz von Wattbike f眉r KI-fokussierte Trainingserfahrungen in Zusammenarbeit mit Fetch.ai zu nutzen, unterst眉tzt durch eine angek眉ndigte $FET Digital Asset Treasury-Strategie von bis zu 500 Millionen US-Dollar.
- None.
- 60% of total consideration subject to performance-based hurdles
- Significant integration efforts required across distribution networks and supply chain
- Heavy investment in cryptocurrency ($FET) through Digital Asset Treasury adds risk exposure
Insights
TRNR completes Wattbike acquisition, progressing toward $75M revenue target and Q4 profitability while diversifying its fitness portfolio.
Interactive Strength's completion of the Wattbike acquisition represents a significant milestone in the company's transformational strategy. The all-stock transaction brings immediate scale in the UK market and diversifies TRNR's connected fitness hardware portfolio across cycling, vertical climbing, and digital strength products.
The financial implications are substantial. Management has reaffirmed guidance of more than
The company's
Integration efforts are already focused on optimizing global distribution networks, manufacturing partnerships, and supply chains - areas that could yield meaningful cost synergies and working capital improvements. The acquisition of Wattbike, with its 100,000+ bike installed base and presence in thousands of customer gyms, provides TRNR with established distribution channels that could accelerate growth across its entire product portfolio.
Wattbike acquisition is the latest milestone in transformational strategy and the Sportstech acquisition is on track to close in the third quarter
TRNR confirms guidance of more than
TRNR's
AUSTIN, TX AND NOTTINGHAM, UK / / July 1, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands and pending acquirer of Sportstech, today announced that it has completed its previously announced all-stock acquisition of Wattbike, the pioneering indoor performance training bike business trusted by elite athletes and fitness enthusiasts worldwide, which has cumulatively sold more than 100,000 bikes.
The closing follows the approval on June 18, 2025 from the UK Financial Conduct Authority and the satisfaction of all material conditions of the binding transaction agreement signed in April 2025. Wattbike's operations will be consolidated into TRNR's results immediately and will be reported in TRNR's third quarter financials.
"Today's acquisition marks the latest milestone in the transformational strategy that we have outlined to investors and should provide increased confidence in our ability to execute against our plan," said Trent Ward, Co-Founder & Chief Executive Officer of TRNR. "Wattbike is now officially part of TRNR, and we look forward to being able to announce the completion of the Sportstech acquisition in the near-term.
Mr. Ward continued: "As a result of those transactions, we expect to generate more than
Mr. Ward concluded: "Wattbike's operations, thousands of customer gyms and world-class brand give us meaningful assets and scale in the world's second-largest fitness market - the UK. Its differentiated range of products - for both elite and mainstream athletes - also create big potential opportunities in the US, EU and Asia."
Stephen Loftus, CEO of Wattbike, added: "TRNR's unique portfolio of operating assets, combined with its Nasdaq listing, and increasing focus on using cost-effective technology is expected to unlock new levels of growth for Wattbike. We're thrilled to start building the next chapter together."
Recap - Transaction highlights:
100 % of Wattbike acquired in an all-stock deal, with up to 60 % of total consideration subject to performance-based hurdles in order to align business performance with shareholder returns.
The consideration shares are locked up until at least June 2026, and no cash consideration was paid to previous Wattbike shareholders.
Wattbike's projected performance is expected to be immediately accretive to TRNR's 2025 results, and combined with the pending Sportstech transaction, is expected to result in more than
$75 million of pro forma 2025 revenue and profitability in Q4 2025.
Creates a diversified connected hardware portfolio spanning cycling (Wattbike), vertical climbing (CLMBR) and digital strength (FORME).
In terms of next steps, TRNR anticipates continuing with integration planning and execution, including optimizing the global distribution networks and channels it already shares with Wattbike - e.g., with entities like Woodway - as well as its manufacturing and supply chain partnerships to drive rapid cost synergies and working-capital optimization.
In addition, joint teams are already working on ways to leverage Wattbike's uniquely differentiated dataset on performance training, including with AI-focused training experiences developed with and powered by TRNR's recently announced up to
TRNR Investor Contact
[email protected]
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. .
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. .
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 acquiring future businesses or completing the referenced transactions in the third quarter or at all, the financial performance of those acquisitions and the resulting guidance of being accretive to earnings immediately or in the future, generating more than
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SOURCE: Interactive Strength Inc.
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