UPS to Buy Polish Health-Care Logistics Firm
Financial terms were not disclosed.
The acquisition will add three facilities, expanding UPS鈥 health-care network in Europe to 14 facilities.
鈥淧oltraf complements our mainland Europe expansion plan and we are now able to provide health-care companies access to a single source for logistics solutions across the continent, helping to achieve greater supply chain efficiencies and compliance with relevant guidelines,鈥 UPS Europe President Cindy Miller, said in the Dec. 18 announcement.
Poltraf, based near Warsaw, operates a fleet of about 170 temperature-controlled vehicles to deliver pharmaceuticals and medical devices. Its fleet uses GPS and temperature-monitoring technology, UPS said.
The announcement follows UPS鈥檚 acquisitions of United Kingdom-based health-care logistics firm Polar Speed in February, Hungary-based pharmaceutical logistics company Cemelog in 2013 and Italy-based Pieffe in 2011.
UPS said it expects to complete the transaction in the first half of 2015.
