on Interactive Strength Inc. (NASDAQ:TRNR)
Interactive Strength Inc. Nears Completion of Wattbike Acquisition
Interactive Strength Inc. (NASDAQ:TRNR) is moving closer to finalizing its acquisition of Wattbike after gaining approval from the UK Financial Conduct Authority (FCA). The FCA’s decision represents a significant milestone, with the transaction expected to conclude in July 2025. This acquisition marks a strategic expansion for Interactive Strength in the global fitness market, particularly enhancing its presence with Wattbike's leading indoor-performance bikes.
Wattbike, recognized for its high-performance indoor bikes, generated over $15 million in revenue for 2024. Its client base includes prestigious institutions like Olympic teams and Premier League clubs. The acquisition is anticipated to be accretive to TRNR’s earnings, facilitating growth in markets such as the UK, US, and Germany.
The acquisition involves an all-stock transaction, with performance-based components included. Further financial details will be shared during upcoming U.S. Securities and Exchange Commission filings.
R. H.
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