UPS has successfully acquired Frigo-Trans and BPL, enhancing its capabilities in healthcare cold-chain logistics. This move supports the increasing demand for precise temperature-controlled logistics from pharmaceutical and biotech companies. Frigo-Trans offers extensive storage options and a European cold chain network, while BPL specializes in time-critical freight forwarding for healthcare. These acquisitions align with UPS Healthcare’s goal to boost its presence in the $82 billion healthcare logistics market, aiming to double its revenue from $10 billion in 2023 to $20 billion by 2026.

Source: https://www.stattimes.com/pharma/ups-completes-acquisition-of-frigo-trans-bpl-1354178