Prenetics Announces Acquisition of Europa Sports Partners in Strategic Expansion to Consumer Health and Wellness Industry
Prenetics Global (NASDAQ: PRE) has announced the acquisition of Europa Sports Partners and its subsidiary, Hubmatrix, marking a significant expansion into the $187 billion US consumer health and wellness industry. This strategic move aligns with Prenetics' recent launch of IM8, a health and wellness brand co-founded with David Beckham. Key highlights include:
1. Europa is one of the largest sports nutrition distributors in the US, with a network of 10,000+ gyms.
2. The acquisition establishes Prenetics' US headquarters in Charlotte, NC.
3. Prenetics projects $100 million+ revenue in the consumer segment for FY2025.
4. Europa distributes over 120 brands and operates three warehouses with 200,000+ sq ft of space.
5. Hubmatrix, Europa's subsidiary, provides 3PL direct-to-consumer fulfillment for health and wellness brands.
Prenetics Global (NASDAQ: PRE) ha annunciato l'acquisizione di Europa Sports Partners e della sua filiale, Hubmatrix, segnando una significativa espansione nel settore della salute e del benessere dei consumatori negli Stati Uniti, valutato 187 miliardi di dollari. Questa mossa strategica si allinea con il recente lancio di IM8, un marchio di salute e benessere co-fondato con David Beckham. Punti salienti includono:
1. Europa è uno dei maggiori distributori di nutrizione sportiva negli Stati Uniti, con una rete di oltre 10.000 palestre.
2. L'acquisizione stabilisce la sede centrale statunitense di Prenetics a Charlotte, NC.
3. Prenetics prevede un fatturato di oltre 100 milioni di dollari nel segmento consumatori per l'anno fiscale 2025.
4. Europa distribuisce oltre 120 marchi e gestisce tre magazzini con uno spazio di oltre 200.000 piedi quadrati.
5. Hubmatrix, la filiale di Europa, offre servizi di evasione diretta al consumatore per marchi di salute e benessere.
Prenetics Global (NASDAQ: PRE) ha anunciado la adquisición de Europa Sports Partners y su subsidiaria, Hubmatrix, marcando una expansión significativa en la industria de salud y bienestar del consumidor en EE. UU. valorada en 187 mil millones de dólares. Este movimiento estratégico se alinea con el reciente lanzamiento de IM8, una marca de salud y bienestar co-fundada con David Beckham. Los aspectos destacados incluyen:
1. Europa es uno de los mayores distribuidores de nutrición deportiva en EE. UU., con una red de más de 10,000 gimnasios.
2. La adquisición establece la sede de Prenetics en EE. UU. en Charlotte, NC.
3. Prenetics proyecta ingresos de más de 100 millones de dólares en el segmento de consumidores para el año fiscal 2025.
4. Europa distribuye más de 120 marcas y opera tres almacenes con más de 200,000 pies cuadrados de espacio.
5. Hubmatrix, la subsidiaria de Europa, proporciona cumplimiento directo al consumidor para marcas de salud y bienestar.
프레네틱스 글로벌(NASDAQ: PRE)은 유로파 스포츠 파트너스와 그 자회사인 허브매트릭스의 인수를 발표하며 1,870억 달러 규모의 미국 소비자 건강 및 웰니스 산업으로의 중요한 확장을 알렸습니다. 이 전략적 결정은 데이비드 베컴과 공동 설립한 건강 및 웰니스를 위한 브랜드 IM8의 최근 출시와 일치합니다. 주요 내용은 다음과 같습니다:
1. 유로파는 미국 최대의 스포츠 영양 유통업체 중 하나로, 10,000개 이상의 체육관 네트워크를 보유하고 있습니다.
2. 이번 인수로 프레네틱스의 미국 본사가 노스캐롤라이나주 샬럿에 설립됩니다.
3. 프레네틱스는 2025 회계연도 소비자 부문에서 1억 달러 이상의 매출을 예상하고 있습니다.
4. 유로파는 120개 이상의 브랜드를 유통하며 200,000평방피트 이상의 공간을 가진 세 개의 창고를 운영하고 있습니다.
5. 유로파의 자회사인 허브매트릭스는 건강 및 웰니스 브랜드를 위한 소비자 직접 이행 서비스를 제공합니다.
Prenetics Global (NASDAQ: PRE) a annoncé l'acquisition d'Europa Sports Partners et de sa filiale, Hubmatrix, marquant une expansion significative dans l'industrie de la santé et du bien-être des consommateurs aux États-Unis, évaluée à 187 milliards de dollars. Ce mouvement stratégique s'aligne avec le récent lancement de IM8, une marque de santé et de bien-être cofondée avec David Beckham. Les points clés incluent :
1. Europa est l'un des plus grands distributeurs de nutrition sportive aux États-Unis, avec un réseau de plus de 10 000 salles de sport.
2. L'acquisition établit le siège nord-américain de Prenetics à Charlotte, NC.
3. Prenetics prévoit plus de 100 millions de dollars de revenus dans le segment des consommateurs pour l'exercice 2025.
4. Europa distribue plus de 120 marques et gère trois entrepôts totalisant plus de 200 000 pieds carrés d'espace.
5. Hubmatrix, la filiale d'Europa, propose un service d'exécution directe au consommateur pour les marques de santé et de bien-être.
Prenetics Global (NASDAQ: PRE) hat die Übernahme von Europa Sports Partners und dessen Tochtergesellschaft Hubmatrix angekündigt, was einen erheblichen Ausbau im 187 Milliarden Dollar schweren US-amerikanischen Markt für Verbraucher-Gesundheit und Wellness darstellt. Dieser strategische Schritt steht im Einklang mit der kürzlichen Einführung von IM8, einer Gesundheits- und Wellnessmarke, die gemeinsam mit David Beckham gegründet wurde. Wichtige Highlights sind:
1. Europa ist einer der größten Distributor für Sporternährungsprodukte in den USA, mit einem Netzwerk von über 10.000 Fitnessstudios.
2. Die Übernahme etabliert die US-Zentrale von Prenetics in Charlotte, NC.
3. Prenetics prognostiziert einen Umsatz von über 100 Millionen Dollar im Verbrauchersegment für das Geschäftsjahr 2025.
4. Europa vertreibt über 120 Marken und betreibt drei Lagerhäuser mit einer Fläche von über 200.000 Quadratfuß.
5. Hubmatrix, die Tochtergesellschaft von Europa, bietet 3PL-Direktversand für Gesundheits- und Wellnessmarken an.
- Acquisition of Europa Sports Partners expands Prenetics' distribution network in the US
- Projected revenue of $100 million+ in consumer segment for FY2025
- Establishment of US headquarters in Charlotte, NC
- Access to Europa's network of 10,000+ gyms across the United States
- Integration of Hubmatrix's e-commerce and retail logistics capabilities
- Potential integration challenges and costs associated with the acquisition
- Increased competition in the crowded US health and wellness market
Insights
Prenetics' acquisition of Europa Sports Partners is a strategic move that could significantly boost the company's revenue and market presence. The projected
The deal also brings valuable assets, including Europa's three warehouses and Hubmatrix's e-commerce capabilities, which could enhance Prenetics' operational efficiency and expand its digital reach. However, investors should closely monitor the integration process and any potential challenges in merging these diverse businesses. The financial terms of the acquisition weren't disclosed, making it difficult to assess the immediate impact on Prenetics' balance sheet and profitability.
Prenetics' entry into the
The acquisition of Europa provides Prenetics with a strong foundation in sports nutrition distribution, but the challenge lies in leveraging this to support IM8's growth. The synergy between Europa's traditional brick-and-mortar model and Hubmatrix's e-commerce capabilities could create a powerful omnichannel strategy, potentially giving Prenetics an edge in reaching diverse consumer segments. Investors should watch for how Prenetics navigates this transition and capitalizes on cross-selling opportunities between Europa's existing brand portfolio and IM8.
Prenetics' acquisition of Europa marks a significant shift in its business model, transitioning from a primarily diagnostic-focused company to a broader health and wellness player. This diversification could reduce reliance on COVID-19 testing revenues, which have been volatile. The move also establishes a strong U.S. presence, potentially opening doors for future expansion in the lucrative North American market.
The integration of Europa's distribution network with Prenetics' technological expertise could create unique opportunities for data-driven product development and personalized health solutions. However, success will depend on Prenetics' ability to manage this complex integration, maintain relationships with Europa's existing brand partners and effectively launch and scale the IM8 brand. Investors should monitor key performance indicators such as revenue growth, market share gains and operational synergies in the coming quarters to gauge the success of this strategic shift.
Europa Is One of the Largest Sports Nutrition Distributors With a Network of 10,000+ Gyms Across the United States
Supports Prenetics’ New Health and Wellness Brand IM8 with David Beckham as its Co-Founding Partner
Projected Revenue of
CHARLOTTE, N.C., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Prenetics Global Limited (NASDAQ: PRE) (“Prenetics” or the “Company”), a leading health sciences company, is pleased to announce the acquisition of Europa Sports Partners (“Europa”) and subsidiary, Hubmatrix, a global ecommerce and retail logistics provider. This strategic acquisition marks a significant milestone in Prenetics' expansion into the
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.
Danny Yeung, CEO of Prenetics, said: “Prenetics’ acquisition of Europa and Hubmatrix is a strategic move that establishes our foothold in the U.S. market. Coupled with our partnership with David Beckham and the upcoming launch of IM8, we are positioned to become a leader in the health and wellness industry. This move demonstrates our commitment to significant growth and innovation in the rapidly expanding consumer market, with expectations to surpass
Justin Weeks, CEO of Europa Sports Partners, added: “Joining forces with Prenetics opens up new opportunities for Europa to leverage our advanced technologies and digital strategies. Together, we can deliver enhanced value to our brand partners and customers, driving forward the future of sports nutrition and wellness.”
Operating for over three decades, Europa Sports Partners is one of the largest full-service sports nutrition distribution companies in the US. Europa specializes in distributing nutritional and sports supplements, sports drinks, and accessories to thousands of gyms, studios, and fitness centers across the United States. The company distributes over 120 brands, including well-known names like Ryse, Bucked Up, Labrada and many more. Europa also operates three warehouses with more than 200,000 square feet of warehousing space. Hubmatrix, a subsidiary of Europa, is a third-party logistics (3PL) direct to consumer fulfillment provider of health and wellness brands.
ABOUT PRENETICS
Prenetics (NASDAQ:PRE), a leading health sciences company, is dedicated to advancing consumer and clinical health. Our consumer initiative is led by IM8, a new health and wellness brand. Our clinical division is led by Insighta, our
About Europa Sports Partners
Europa Sports Partners is one of the largest full-service sports distribution companies in the USA, providing a wide range of sports nutrition products to 10,000+ fitness facilities nationwide. Operating for over three decades, Europa has built a strong reputation for quality and service in the industry.
About Hubmatrix
Hubmatrix is a leading third-party logistics (3PL) provider specializing in health and wellness brands. They offer comprehensive logistics solutions that enhance business operations, customer engagement, and digital marketing strategies, supporting businesses in optimizing their digital footprint and expanding their online presence.
For further information, please contact:
Investor Relations Contact:
Shannon Devine
MZ North America
Main: 203-741-8811
shannon.devine@mzgroup.us
Angela Cheung
Investor Relations / Corporate Finance
Prenetics Global Limited
angela.hm.cheung@prenetics.com
FAQ
What is the significance of Prenetics' acquisition of Europa Sports Partners?
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