Prenetics acquires DNAFit to expand footprint
Prenetics, a Hong Kongbased genetic testing and digital health company, has announced acquisition of DNAFit, a UK-based genetic testing company, to expand its global footprint and extend its reach in the consumer market.
This is the first acquisition Prenetics announced after it received $50 million from Alibaba Hong Kong Entrepreneurs Fund and Ping An Insurance. DNAFit works directly with consumers, using their genetic information to help them achieve their health, fitness and nutritional goals. According to Prenetics, the deal would add a proven business-toconsumer channel to its already strong business-tobusiness offerings via large insurers and corporates. With over 100 staff, Prenetics has a significant presence outside Hong Kong, mainly in Singapore, Malaysia and Thailand.