UPS Agrees To Acquire Healthcare Logistics Providers Frigo-Trans, And Its Sister Company BPL; Value And Terms Not Disclosed At This Time
Portfolio Pulse from Benzinga Newsdesk
UPS has announced its agreement to acquire healthcare logistics providers Frigo-Trans and BPL. This acquisition aims to enhance UPS's capabilities in Europe for temperature-sensitive and time-critical logistics. The deal is expected to close in Q1 2025, pending regulatory approvals.
September 10, 2024 | 10:32 am
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UPS is set to acquire Frigo-Trans and BPL, enhancing its healthcare logistics capabilities in Europe. This strategic move is expected to strengthen UPS's position in the temperature-sensitive logistics market.
The acquisition of Frigo-Trans and BPL by UPS is a strategic move to enhance its logistics capabilities in the healthcare sector, particularly in Europe. This is likely to positively impact UPS's market position and potentially its stock price as it expands its service offerings.
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