Netherlands-based industrials firm DSM sold its DSM Personalized Nutrition division to US-based healthcare technology company Viocare on Tuesday for an undisclosed amount.

DSM was already an investor in Viocare through its corporate venturing unit, DSM Venturing, from February 2009, and will continue its involvement as a minority shareholder.

The move follows DSM’s announcement in September that it would sell on or transfer activities under the banner of DSM Personalized Nutrition to other divisions. Personalized Nutrition focused on devising technological solutions to make personalised diet and fitness recommednations to its customers.

Rob van Leen, chief innovation officer of DSM, said: "Our investment in Viocare in conjunction with the divestment of our corporate wellness business allows Viocare to further expand and mature this business, while concurrently enabling Viocare to continue to advance its leadership position as a supplier of scientifically validated software tools for the nutrition and wellness community."

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