Prenetics Group (PRE) has released an update.
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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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