What Is New? UPS has agreed to acquire Frigo-Trans, enhancing its ability to provide comprehensive end-to-end temperature-controlled logistics solutions across Europe for the healthcare sector.
Why It Matters: This acquisition is crucial for healthcare customers as it strengthens UPS' capacity to manage temperature-sensitive and time-critical pharmaceutical logistics, ensuring more efficient and reliable cold chain solutions.
UPS announced that is has agreed to acquire Frigo-Trans, and its sister company BPL, (together ‘Frigo-Trans’) industry-leading, complex healthcare logistics providers based in Germany. Once completed, the acquisition will enhance UPS’ end-to-end capabilities throughout Europe for UPS Healthcare customers who increasingly require temperature-sensitive and time-critical logistics.
‘The fast-paced innovation in the pharmaceutical industry is creating the need to have more integrated cold and frozen supply chains’, said UPS EVP and President of International, Healthcare and Supply Chain Solutions Kate Gutmann. ‘Frigo-Trans will help deepen our portfolio of solutions and accelerate our journey to become the number one complex healthcare logistics provider in the world.’
Frigo-Trans’ network includes temperature-controlled warehousing that covers six temperature zones from cryopreservation (-196°C) to ambient (+15° to +25°C); a Pan-European cold chain transportation solution and temperature-controlled and time-critical freight forwarding capabilities.
The transaction is expected to close in the first quarter of 2025, subject to customary regulatory reviews and approvals. The value and terms of the transaction are not being disclosed at this time.
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About UPS Healthcare
UPS Healthcare delivers unparalleled healthcare logistics expertise to its customers around the world. UPS Healthcare has 17.2+ million square feet of cGMP and GDP-compliant healthcare distribution space globally. Its services include inventory management, cold chain packaging and shipping, storage and fulfilment of medical devices, and lab and clinical trial logistics. UPS Healthcare's global infrastructure, its UPS® Premier visibility service, its track and trace technology, and its global quality system are well-suited to meeting today's complex logistics demands for the pharmaceutical, medical device, and laboratory diagnostic industries.
About Frigo-Trans
Frigo-Trans provides an end-to-end warehouse and transportation solution for pharmaceutical and biotech customers. Frigo-Trans does this by using best-in-class distribution facilities and a pharmacy-focused, Pan-European, cold-chain transportation network. Other value-added services include, but are not limited to, packaging, handling and inventory management. Headquartered in Fußgönheim, Germany, Frigo-Trans’s network expands across all countries in Europe.
About BPL
BPL offers individual transport management for GDP-compliant shipping of time-critical and temperature-sensitive products. BPL manages a high-quality network of air and ocean freight carriers along with customs clearance to meet the complex, cross border needs of customers. Temperature controlled packaging is an additional value-added service provided. BPL prioritises serving biopharma customers with special temperature, quality and speed requirements. BPL is headquartered in Düsseldorf, Germany.
