Prenetics Group (PRE) has released an update.
Prenetics Group has strategically acquired Europa Sports Partners, significantly expanding its reach into the U.S. consumer health and wellness industry, and fortifying its new wellness brand, IM8, co-founded by David Beckham. This acquisition by the NASDAQ-listed health sciences company is set to boost its distribution capabilities and is projected to exceed $100 million in revenue for the consumer segment by 2025. With over three decades in the industry, Europa is a leading distributor of sports nutrition across a network of over 10,000 gyms in the United States.
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