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2w ago

UPS to Acquire Canada’s Andlauer Healthcare Group for $1.6 Billion

The acquisition strengthens UPS’s global healthcare logistics capabilities with expanded cold chain and specialized transportation services.

The logo of United Parcel Service is seen at the new package sorting and delivery UPS hub in Corbeil-Essonnes and Evry, southern Paris, France, June 26, 2018. REUTERS/Charles Platiau
FILE PHOTO: The company logo for United Parcel Service (UPS), is displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2019. REUTERS/Brendan McDermid/File Photo
Liquid gold is poured to form gold dore bars at Newmont Mining's Carlin gold mine operation near Elko, Nevada May 21, 2014.

Overview

  • UPS has agreed to purchase Andlauer Healthcare Group for CAD $55 per share, a 31% premium on the stock’s last closing price.
  • The deal, valued at $1.6 billion, is expected to close in the second half of 2025, pending regulatory approvals and customary conditions.
  • Andlauer Healthcare operates nine distribution centers and 22 branches across Canada, providing third-party logistics and healthcare transportation solutions.
  • The acquisition will enhance UPS’s global cold chain network, offering advanced temperature-controlled and precision logistics services for healthcare customers.
  • This follows UPS’s January acquisition of Germany-based Frigo-Trans and Biotech & Pharma Logistics, as part of a broader strategy to focus on higher-margin healthcare logistics.