Interactive Strength Inc. Acquires Wattbike, Eyes Significant Growth

Interactive Strength Inc. (Nasdaq: TRNR) has finalized its acquisition of Wattbike, integrating the indoor performance training bike business into its portfolio. This move is part of TRNR's strategic plan to become a diversified global fitness platform, with projected revenue surpassing $75 million by 2025.

With the completion of this all-stock transaction, TRNR consolidates Wattbike's operations, expecting immediate impact on its financials and aiming for fourth-quarter profitability. The acquisition comes as TRNR actively invests in AI and its Digital Asset Treasury strategy.

TRNR's CEO, Trent Ward, emphasizes the acquisition's role in enhancing growth and scale, particularly in the UK market. Wattbike's inclusion complements TRNR's existing brands, CLMBR and FORME, broadening the company's connected hardware offerings.