Purchase Strengthens UPS’s Position as a Leading Provider of Compliant Healthcare Supply Chain Solutions Across Europe
UPS® (NYSE: UPS) today announced it has agreed to terms with Poland-based investment fund ORTIE to acquire its pharmaceutical logistics company PoltrafSp. z o.o. The acquisition will further strengthen UPS’s healthcare expertise and network in Europe, enabling compliant logistics services to customers for streamlining their product supply to the fast-growing healthcare markets of Central and Eastern Europe.
UPS expects to complete the transaction in the first half of 2015, subject to customary closing conditions. Terms of the deal are not being disclosed.
Based in Blonie near Warsaw, Poltraf has offered customers top-rate healthcare logistics solutions for the past nine years. The company is recognized for its temperature-sensitive warehousing and transportation solutions that help healthcare and life sciences companies maximise supply chain efficiencies, meet regulatory requirements and deliver products reliably and securely. Its customers include some of the best known healthcare brands in the world.
Read more: ups.com