UPS, a global freight transportation and logistics provider, announced its intention to acquire Germany-based healthcare logistics firms Frigo-Trans and BPL to enhance its European healthcare offerings. The deal is expected to close in Q1 2025, pending regulatory approvals, though financial details remain undisclosed. This acquisition aims to strengthen UPS’s capabilities in temperature-sensitive logistics, responding to the growing needs of the pharmaceutical industry. UPS plans to double its healthcare logistics revenue from $10 billion in 2023 to $20 billion by 2026, tapping into the lucrative global healthcare logistics market.

Source: https://www.logisticsmgmt.com/article/ups_agrees_to_acquire_germany_based_healthcare_logistics_services_provider_frigo_trans_and_its_sister_company_bpl/