UPS plans to acquire healthcare logistics provider Bomi Group, adding temperature-controlled facilities in 14 countries and nearly 3,000 team members to the UPS Healthcare network in Europe and Latin America.
The acquisition will add more than 350 temperature-controlled vehicles and 391km2 to the UPS Healthcare footprint, creating faster shipping times and greater production and flexibility. The acquisition is intended to play a key role in the delivery of next-generation pharmaceutical and biologic treatments that increasingly require time-critical and temperature-sensitive logistics. Bomi Group leaders, including Marco Ruini, CEO of Bomi Group, will continue in their roles to provide service to Bomi Group customers after the transaction closes.
The company’s other recent expansions include newly constructed and soon-to-be-opened healthcare logistics facilities in Germany and Australia and expanded campuses in Hungary and the Netherlands. The transaction is expected to close by the end of the year, subject to customary regulatory review and approval. The value and terms of the transaction are not being disclosed at this time. J.P. Morgan Securities served as the financial advisor to UPS.
UPS Healthcare also recently expanded UPS Premier, a technology-led service that can prioritize and track critical shipments within about 3m of their location anywhere in UPS’s global network. UPS Premier brings worldwide visibility, control, reliability and product recovery capabilities to UPS Healthcare customers.
Kate Gutmann, executive vice president and president of UPS international, healthcare and supply chain solutions, said, “As a leading global healthcare logistics company, Bomi enhances our portfolio of services and accelerates our journey to become the number-one provider of complex healthcare logistics. UPS Healthcare and Bomi Group employees share similar values and our cultures are firmly rooted in a relentless focus on quality. The combination of our two teams will significantly improve our healthcare customers’ ability to continue to develop and deliver life-saving innovations.”
Ruini said, “With over 35 years in the healthcare logistics industry, our team has developed best-in-class services designed to meet and exceed the needs of our medical technology and pharmaceutical customers. Joining the UPS team will expand those capabilities and create an even more integrated and powerful global network for our customers.”
Wes Wheeler, president of UPS Healthcare, said, “We are focused on building healthcare logistics capabilities and services that allow our customers to deliver the newest healthcare innovations. We are excited to combine Bomi’s talent, expertise and capabilities with UPS Healthcare – together, we will provide unmatched solutions to our customers, powered by UPS’s integrated, global smart logistics network.”
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