Prenetics Global Acquires Europa Sports Partners And Hubmatrix To Accelerate Expansion Into U.S. Consumer Health And Wellness Market; Acquisition Supports IM8 Brand Co-Founded By David Beckham, Projecting Over $100M Revenue In FY2025
Portfolio Pulse from Benzinga Newsdesk
Prenetics Global has acquired Europa Sports Partners and Hubmatrix to expand into the U.S. consumer health and wellness market. This acquisition supports the IM8 brand, co-founded by David Beckham, and is projected to generate over $100 million in revenue by FY2025.
August 19, 2024 | 12:34 pm
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Prenetics Global's acquisition of Europa Sports Partners and Hubmatrix aims to enhance its presence in the U.S. health and wellness market. The move supports the IM8 brand, co-founded by David Beckham, with a revenue projection of over $100 million by FY2025.
The acquisition of Europa Sports Partners and Hubmatrix is a strategic move for Prenetics Global to penetrate the U.S. market, which is significant for its growth. The association with David Beckham's IM8 brand adds value and visibility, and the projected revenue of over $100 million by FY2025 indicates strong growth potential.
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