UPS has announced its acquisition of Frigo-Trans and its sister company BPL, enhancing its healthcare logistics capabilities in Europe. This move aims to address the growing demand for temperature-sensitive and time-critical logistics in the pharmaceutical industry. Kate Gutmann from UPS emphasized that Frigo-Trans will strengthen their service offerings and help position UPS as a leader in complex healthcare logistics. The deal is expected to close in Q1 2025, pending regulatory approvals, although financial details have not been disclosed. More information can be found [here](https://www.stattimes.com/pharma/ups-facilities-in-new-york-shanghai-get-ceiv-pharma-certification-1352798).

Source: https://www.stattimes.com/pharma/ups-to-buy-frigo-trans-to-bolster-healthcare-logistics-capabilities-1353165