Prenetics Global Limited, a health sciences company listed on NASDAQ, has acquired Europa Sports Partners and its subsidiary Hubmatrix to expand into the $187 billion U.S. consumer health and wellness market. The acquisition will help Prenetics enhance its distribution network and includes the establishment of U.S. headquarters in Charlotte, NC. Prenetics’ CEO, Danny Yeung, emphasized the strategic importance of this move, aligning it with the company’s new health and wellness brand IM8, co-founded by David Beckham. The company anticipates $100 million+ in revenue from the consumer segment by FY2025. Europa Sports Partners brings its extensive distribution network, connecting over 10,000 gyms and fitness centers, and specialized knowledge in sports nutrition. Hubmatrix will provide additional value through its 3PL services.
Health Sciences, Consumer Health and Wellness, Sports Nutrition, Ecommerce and Logistics,United States
https://www.globenewswire.com/news-release/2024/08/19/2932107/0/en/Prenetics-Announces-Acquisition-of-Europa-Sports-Partners-in-Strategic-Expansion-to-Consumer-Health-and-Wellness-Industry.html