UPS Acquires Canadian Healthcare Logistics Firm for $1.6 Billion

Published 2 hours agoUPS

UPS Acquires Canadian Healthcare Logistics Firm for $1.6 Billion

United Parcel Service (UPS) has announced a definitive agreement to acquire Andlauer Healthcare Group (AHG), a Canadian-based specialized healthcare logistics company, for approximately $1.6 billion USD (CAD $2.2 billion). This move is targeted at expanding UPS Healthcare's capabilities in cold chain logistics, a critical area in the transportation of temperature-sensitive healthcare products.

According to Insider Monkey, the acquisition will provide UPS with AHG's advanced temperature-controlled facilities and specialized transportation solutions designed specifically for the healthcare sector. AHG shareholders are set to receive CAD $55 per share in cash as part of the agreement. The transaction awaits approval from AHG shareholders and regulatory bodies, and it is anticipated to close in the latter half of 2025.

Michael Andlauer, the founder and CEO of AHG, along with the controlling shareholder, the Andlauer Management Group, have already pledged their support for the acquisition. Post-transaction, Mr. Andlauer will lead the combined entity's efforts as the head of UPS Canada Healthcare, aiming to reinforce UPS's strategic mission to be a leader in complex healthcare logistics and address the global demands for next-generation treatments.

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