Interactive Strength Inc. (NASDAQ:TRNR) announced on April 8, 2025, that it has signed a binding transaction agreement to acquire Wattbike, a pioneering UK-based indoor performance training bike business. Wattbike has cumulatively sold over 100,000 bikes and generates more than $15 million in revenue.
This transaction, expected to be TRNR's third within a year and a half, is projected to help TRNR generate more than $65 million in 2025 revenue on a pro forma basis. Wattbike is renowned for its use by elite athletes and professional sports teams globally, including the NFL, NBA, MLB, NHL, and Premier League.
The deal combines highly complementary businesses to create a scaled, international operation anchored in the US, Germany, and UK, which are the #1, #2, and #3 fitness markets globally. The acquisition is expected to close as early as the second quarter of 2025, subject to standard regulatory requirements.
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