Interactive Strength Finalizes Acquisition of Wattbike, Establishing Global Fitness Platform on Track for $75M+ Pro Forma 2025 Revenue
DENVER, Colo., Jul 01, 2025 (247marketnews.com)- Interactive Strength (NASDAQ:TRNR) completed its previously disclosed all-stock acquisition of Wattbike, the indoor performance cycling company that has sold more than 100,000 bikes to date.
The transaction closed following regulatory approval from the UK Financial Conduct Authority on June 18, 2025, and the fulfillment of all material conditions outlined in the April 2025 binding agreement. Wattbike’s operations will be consolidated into TRNR’s financial reporting starting in the third quarter of 2025.
Trent Ward, TRNR’s Co-Founder and CEO, commented, “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. 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.
“As a result of those transactions, we expect to generate more than $75 million of pro forma 2025 revenue and achieve profitability in the fourth quarter. When combined with the $55 million we raised a few weeks ago for our innovative Digital Asset Treasury strategy, and the fact that we are actively investing in AI-focused $FET, we believe that TRNR has significant, under-appreciated upside.
“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.”
100% acquisition of Wattbike completed in an all-stock deal, with up to 60% of total consideration tied to performance-based milestones to ensure alignment between business performance and shareholder value.
No cash consideration was paid; all consideration shares are locked up until at least June 2026.
Wattbike’s performance is expected to be immediately accretive to TRNR’s 2025 results, contributing to a projected $75M+ in pro forma revenue and Q4 profitability when combined with the pending Sportstech acquisition.
Establishes a diversified connected hardware platform across cycling (Wattbike), vertical climbing (CLMBR), and digital strength training (FORME).
Strategic Integration & Next Steps
TRNR is progressing with integration planning to leverage synergies in global distribution and supply chain operations, including with partners such as Woodway.
Joint development teams are also exploring how to apply Wattbike’s proprietary training datasets into AI-driven performance coaching, leveraging TRNR’s recently announced $500 million Digital Asset Treasury strategy, including active investments in $FET, the native cryptocurrency of Fetch.ai.
The Sportstech acquisition remains on track to close in Q3 2025, further expanding TRNR’s footprint in connected fitness hardware and digital wellness solutions.
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