Prenetics announces acquisition of Europa Sports Partners

Prenetics Global announces the acquisition of Europa Sports Partners and subsidiary, Hubmatrix, a global ecommerce and retail logistics provider. This strategic acquisition marks a significant milestone in Prenetics’ expansion into the $187 billion United States consumer health and wellness industry, and reinforces Prenetics’ recent entry into this sector with IM8, a new health and wellness brand with a focus on cutting-edge consumer health products. The acquisition and the continued operations of Europa have been funded with cash available on the Company’s balance sheet. Additionally, the Europa business establishes the U.S. headquarters of Prenetics in Charlotte, NC, and solidifies its business commitment to the US market. The acquisition of Europa and subsidiary Hubmatrix will drive Prenetics’ distribution network and streamline the predominantly brick and mortar distribution business model to include a direct digital distribution platform.