UPS (NYSE: UPS) has announced an agreement to acquire Frigo-Trans and its affiliate BPL, renowned providers of complex healthcare logistics based in Germany. This acquisition will strengthen UPS’s comprehensive healthcare logistics capabilities across Europe, catering to the growing demand for temperature-sensitive and time-critical logistics solutions.
“The rapid advancements in the pharmaceutical industry are driving the need for more integrated cold and frozen supply chains,” said Kate Gutmann, UPS EVP and President of International, Healthcare and Supply Chain Solutions. “Frigo-Trans will enhance our service portfolio and accelerate our goal of becoming the leading provider of complex healthcare logistics worldwide.”
Frigo-Trans operates a sophisticated network featuring temperature-controlled warehousing across six temperature zones, ranging from cryopreservation (-196°C) to ambient (+15°C to +25°C). The network also includes a Pan-European cold chain transportation solution and temperature-controlled, time-sensitive freight forwarding services.
The acquisition is anticipated to close in the first quarter of 2025, pending customary regulatory approvals. Financial details of the transaction are not yet disclosed.
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About UPS
UPS (NYSE: UPS) is one of the world’s largest companies, with $91.0 billion in revenue for 2023, offering a wide range of integrated logistics solutions in over 200 countries and territories. Committed to its purpose, “Moving our world forward by delivering what matters,” UPS employs approximately 500,000 people and operates under a strategy focused on being Customer First, People Led, and Innovation Driven. The company is dedicated to environmental sustainability, community support, and promoting diversity, equity, and inclusion. For more information, visit ups.com, about.ups.com, and investors.ups.com.
About UPS Healthcare
UPS Healthcare offers unparalleled logistics expertise for the healthcare sector worldwide. With 17 million square feet of cGMP and GDP-compliant distribution space globally, UPS Healthcare provides services including inventory management, cold chain packaging and shipping, medical device storage, and lab and clinical trial logistics. The division’s global infrastructure, UPS® Premier visibility service, track and trace technology, and global quality system are designed to meet the complex logistics needs of the pharmaceutical, medical device, and laboratory diagnostic industries. For more information, visit Healthcare.ups.com.