The Leisure Media Company Ltd
The Leisure Media Company Ltd
The Leisure Media Company Ltd
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Harrow School
£29,500pa + pension + benefits
Harrow, London
Everyone Active
Competitive rates of pay
South Oxhey Leisure Centre, Watford
star job
Redbridge Sports & Leisure
on request
Barkingside, Essex
Active Luton
£30,027pa + non-contrib pension + benefits
Stockwood Park, Luton
University of Brighton
£23,144 to £25,138pa
Brighton, East Sussex

Interactive Strength, owner of FORME, acquires CLMBR to target medical and commercial fitness markets

Interactive Strength has revealed plans to acquire vertical climber brand CLMBR for an undisclosed sum
Interactive Strength is the maker of fitness screen FORME and also provides virtual personal training
The deal is part of the company's plan to target the commercial fitness market with a connected solution
Nasdaq-listed Interactive Strengths expects to finalise the deal by the end of the year
Job opportunities
University of Brighton
£23,144 to £25,138pa
location: Brighton, East Sussex, United Kingdom
more jobs

Interactive Strength, maker of fitness screen FORME, has revealed plans to acquire vertical climber brand CLMBR for an undisclosed sum.

The move is part of Interactive Strength's plans to focus on the commercial fitness market by offering a connected exercise solution which will also incorporate the company's virtual personal training services.

As part of the deal, Interactive Strength will work with iconic treadmill manufacturer Woodway, CLIMBR's commercial distribution partner, to expand its foothold in the gym, health club and hospitality space.

According to Trent Ward, co-founder and CEO of FORME, the deal will result in "immediate scale in all functions" – from sales, engineering and logistics to supply chain – while also diversifying revenue due to the "significant growth" in its B2B channels.

Ward said: “We believe this will be a transformational acquisition that can accelerate the company’s commercialisation path.

“We expect this transaction can help us achieve immediate scale across all of our cost centers, resulting in a high-growth, profitable platform that sells connected fitness equipment and digital fitness services across B2B and B2C channels.”

"After selling thousands of the consumer version of the CLMBR machine over the past few years to a very engaged customer base, we have a shared vision to expand into the commercial and medical channels with the CLMBR 02.

"CLMBR 02 started shipping this summer after almost a year of in-house testing, including implementing feedback from loyal customers in their Denver-based flagship group fitness location, Studio CLMBR.

"By partnering with Woodway for sales and distribution, we have the best possible go-to-market option for CLMBR given Woodway’s experienced domestic and international sales teams and the brand’s reputation for the highest quality equipment in the industry.

"This transaction is a great example of checking all the boxes – accretive financials driven by cost synergies, strategic benefits such as gaining a very strong route to market with Woodway and shifting the business to be primarily B2B, and a complementary product with an attractive patent portfolio.

"Of course, it is also critical to have a shared vision and the investors in CLMBR are investing fully alongside our shareholders as long-term supporters of the combined platform.”

Interactive Strength is listed on the Nasdaq stock market and has now executed a binding acquisition agreement with CLMBR.

The two companies are proceeding towards closing the transaction "as soon as all closing conditions are met", which is expected to be in the fourth quarter of 2023.

Sign up for FREE ezines, news alerts & magazines
Interactive Strength, maker of fitness screen FORME, has acquired vertical climber brand CLMBR for an undisclosed sum.

More News

1 - 15 of 67,947
30 May 2024
The Active Czech Foundation hosted its first annual Active Czech Conference earlier this month, in Prague, conducted in both Czech and English. The conference was ... More
30 May 2024
Planet Fitness is refinancing and taking on securitised debt under its existing securitised financing facility. At the end of March, the company had around US$2 ... More
30 May 2024
Developer Rockwell Island Development Group (RIDGE) has appointed five-star, global hospitality brand Banyan Tree to manage its new luxury island retreat in Bimini in the ... More
29 May 2024
The European Court of Human Rights has recognised Italy’s claim to a prized Greek antiquity. The statue of the Victorious Youth, also known as Atleta ... More
29 May 2024
The US health and fitness industry is worth US$22.4 billion to the nation’s economy, according to research commissioned by the Health and Fitness Association (formerly ... More
29 May 2024
Reservations are now open for Mandarin Oriental’s second London hotel, Mandarin Oriental Mayfair, set to open on 3 June. The luxury establishment will feature 50 ... More
28 May 2024
The Global Wellness Institute (GWI) has published the fourth edition of the Guide to Hydrothermal Spa & Wellness Development Standards The 230-page guide, developed in ... More
28 May 2024
New research shows that following social media health influencers motivates young people to exercise more vigorously and eat more fruit and vegetables, but their mental ... More
25 May 2024
The JD Gyms Group has completed a deal to acquire Simply Gym from Bay Leisure. The deal comprises four gyms: one in Greater London and ... More
24 May 2024
Women’s health specialist, The Well HQ, has secured 'sweat equity' backing from Priya Oberoi, founder of venture capitalists, Goddess Gaia Ventures, who will take on ... More
25 May 2024
Merlin Entertainments has launched its new Hyperia rollercoaster at Thorpe Park to celebrate its 45th year. The ride is billed as the UK's tallest, fastest ... More
24 May 2024
Peloton has secured a critical US$1bn five-year loan to shore up its finances. The loan has repayment terms which are 600 basis points over the ... More
24 May 2024
Five-star Scottish countryside retreat Mar Hall Hotel, Golf & Spa Resort in Bishopton has lifted the curtain on its newly refurbished spa and leisure suite. ... More
24 May 2024
Evian Spa, the spa and wellness brand inspired by the premium mineral water brand, has arrived in Doha, marking its inaugural Middle Eastern location and ... More
23 May 2024
A new nature-inspired wellness destination called Align is coming to Tucson, spearheaded by brothers and local hospitality entrepreneurs Mark and Eric Erman. Designed to foster ... More
1 - 15 of 67,947
The Leisure Media Company Ltd
The Leisure Media Company Ltd