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United Parcel Service (NYSE: UPS) to Acquire German Healthcare Logistics Firm Frigo-Trans

United Parcel Service
By Kevin Putnam
1 year ago

On Tuesday, United Parcel Service (NYSE: UPS) said it would acquire Germany-based healthcare logistics firm Frigo-Trans for an undisclosed amount to boost its healthcare cold-chain facilities in Europe.

Frigo-Trans network includes temperature-controlled warehousing and freight forwarding capabilities, as well as a pan-European cold chain transportation solution, UPS said.

Under the deal, UPS will also buy Frigo-Trans’ sister company BPL. The transaction is expected to close in the first quarter of 2025.

(Source: ReutersReuters)

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Kevin Putnam
Kevin Putnam is a financial journalist and editor based in New York. He specializes in editing news and analysis related to U.S. stock market. Read Full Bio
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