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Economic news

UPS to buy Germany-based healthcare logistics firm Frigo-Trans

09/10/2024

Less than a minute

2024.09.10 08:02

(Reuters) -UPS said on Tuesday 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, the package delivery firm said.

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09/10/2024

Less than a minute