UPS to buy Frigo-Trans to bolster healthcare logistics capabilities
Acquisition accelerates plan to provide customers with end-to-end temperature controlled solutions across Europe.
NYSE-listed UPS 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, says an official release from UPS.
“The fast-paced innovation in the pharmaceutical industry is creating the need to have more integrated cold and frozen supply chains,” says Kate Gutmann, EVP and President of International, Healthcare and Supply Chain Solutions, UPS. “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 release added.
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, the release added.
