UPS Bolsters Healthcare Logistics Capabilities with Cold-Chain Acquisitions
September 10 2024 - 6:30AM
Business Wire
Acquisitions Accelerate Plan to Provide
Healthcare Customers with End-to-End Temperature Controlled
Solutions Across Europe
UPS (NYSE: UPS) today announced that is has agreed to
acquire Frigo-Trans, and its sister company BPL, (together
“Frigo-Trans”) industry-leading, complex healthcare logistics
providers based in Germany. Once completed, the acquisition will
enhance UPS’s end-to-end capabilities throughout Europe for UPS
Healthcare customers who increasingly require temperature-sensitive
and time-critical logistics.
“The fast-paced innovation in the pharmaceutical industry is
creating the need to have more integrated cold and frozen supply
chains,” said UPS EVP and President of International, Healthcare
and Supply Chain Solutions Kate Gutmann. “Frigo-Trans will help
deepen our portfolio of solutions for our customers and accelerate
our journey to become the number one complex healthcare logistics
provider in the world addressing their needs.”
Frigo-Trans’ network includes temperature-controlled warehousing
that covers six temperature zones from cryopreservation (-196°C) to
ambient (+15° to +25°C); a Pan-European cold chain transportation
solution and temperature-controlled and time-critical freight
forwarding capabilities.
The transaction is expected to close in the first quarter of
2025, subject to customary regulatory reviews and approvals. The
value and terms of the transaction are not being disclosed at this
time.
For more information about UPS innovations and customer-driven
solutions, visit about.ups.com
About UPS
UPS (NYSE: UPS) is one of the world’s largest companies, with
2023 revenue of $91.0 billion, and provides a broad range of
integrated logistics solutions for customers in more than 200
countries and territories. Focused on its purpose statement,
“Moving our world forward by delivering what matters,” the
company’s approximately 500,000 employees embrace a strategy that
is simply stated and powerfully executed: Customer First. People
Led. Innovation Driven. UPS is committed to reducing its impact on
the environment and supporting the communities we serve around the
world. UPS also takes an unwavering stance in support of diversity,
equity and inclusion. More information can be found at
ups.com, about.ups.com and
investors.ups.com.
About UPS Healthcare
UPS Healthcare delivers unparalleled healthcare logistics
expertise to its customers around the world. UPS Healthcare has 17
million square feet of cGMP and GDP-compliant healthcare
distribution space globally. Services include inventory management,
cold chain packaging and shipping, storage and fulfillment of
medical devices and lab and clinical trial logistics. UPS
Healthcare's global infrastructure, UPS® Premier visibility
service, track and trace technology and global quality system are
well-suited to meet today's complex logistics demands for the
pharmaceutical, medical device and laboratory diagnostic
industries. Visit Healthcare.ups.com for more
information.
About Frigo-Trans
Frigo-Trans provides an end-to-end warehouse and transportation
solution for pharmaceutical and biotech customers. Frigo-Trans does
this by utilizing best-in-class distribution facilities and a
pharmacy-focused, Pan-European, cold-chain transportation network.
Other value-added services include, but are not limited to,
packaging, handling and inventory management. Headquartered in
Fußg�nheim, Germany, Frigo-Trans’s network expands across all
countries in Europe.
About BPL
BPL offers individual transport management for GDP-compliant
shipping of time-critical and temperature-sensitive products. BPL
manages a high-quality network of air and ocean freight carriers
along with customs clearance to meet the complex, cross border
needs of customers. Temperature controlled packaging is an
additional value-added service provided. BPL prioritizes serving
biopharma customers with special temperature, quality and speed
requirements. BPL is headquartered in Duesseldorf, Germany.
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