The deal strengthens TRNR's growth strategy by driving accretive acquisitions of high-potential businesses in the fragmented global health and wellness market.
Interactive Strength expects to complete the deal at the end of this month.
The company anticipates this deal will contribute over $15 million to TRNR's pro forma revenue, in addition to the more than $50 million projected for 2025, with Sportstech incorporated into its financials.
Last month, the company disclosed a $15 million all-stock acquisition of Sportstech Holding, a German-based connected fitness equipment company.
As of the end of third quarter, the company had $2.3 million in cash.
Price Action: TRNR shares are up 20.07% at $2.57 at the last check in early Thursday trading.
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