UPS agrees to terms with ORTIE to acquire Polish healthcare logistics company Poltraf
Seattle, December 23, 2014 (STAT):-UPS announced that it has agreed to terms with Poland-based investment fund ORTIE to acquire its pharmaceutical logistics company Poltraf Sp. z o.o.
UPS expects to complete the transaction in the first half of 2015, subject to customary closing conditions. Terms of the deal are not being disclosed.
"This acquisition brings greater capability to our global healthcare network. Poltraf complements our mainland Europe expansion plan and we are now able to provide healthcare companies access to a single source for logistics solutions across the continent, helping to achieve greater supply chain efficiencies and compliance with relevant guidelines." said Cindy Miller, president, UPS Europe.
"This is a very positive development for our company, our employees, and our customers. Joining forces with UPS will allow us to continue to provide high-quality logistics services to our customers and broaden our reach by leveraging UPS's global distribution network. We look forward to creating even greater value for our customers." said Piotr Krol, CEO of Poltraf.