UPS (UPS) to Acquire Frigo-Trans

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Go back to UPS (UPS) to Acquire Frigo-Trans

UPS Bolsters Healthcare Logistics Capabilities with Cold-Chain Acquisitions

September 10, 2024 6:30 AM EDT

Acquisitions Accelerate Plan to Provide Healthcare Customers with End-to-End Temperature Controlled Solutions Across Europe

ATLANTA--(BUSINESS WIRE)-- 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 UPSs 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... More