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UPS has acquired Bomi Group, a multinational healthcare logistics provider that facilitates warehousing and temperature-controlled transport among other services to the medtech and pharma industries.
The company will add over 350 of Bomi Group’s temperature-controlled vehicles in 14 countries, along with four million square feet, expanding its global footprint and speeding up shipping times.
The deal also creates greater production flexibility, introduces offerings to help UPS Healthcare attract new business, and adds nearly 3,000 highly-skilled Bomi Group employees to its network in Europe and Latin America.
“As a leading global healthcare logistics company, Bomi enhances our portfolio of services and accelerates our journey to become the number one provider of complex healthcare logistics,” said Kate Gutmann, EVP and president of UPS International, Healthcare and Supply Chain Solutions, in a statement.
With Bomi Group, UPS Healthcare says it will be able to better coordinate time-critical and temperature-sensitive logistics for next-generation pharmaceutical and biological treatments.
It also will continue the expansion of UPS Healthcare’s network and services, an objective for the company, which has doubled its global footprint since 2020. Its latest expansions include newly constructed healthcare logistics facilities that will open soon in Germany and Australia, as well as expanded campuses in Hungary and the Netherlands.
It also recently enhanced UPS Premier, a technology-led service for prioritizing and tracking critical shipments within 10 feet of their location anywhere in UPS’ global network.
Bomi Group CEO Marco Ruini and other company leaders will remain in their roles after the deal is completed. Bomi Group’s employees will continue to work within the combined organization.
“With over 35 years in the healthcare logistics industry, our team has developed best-in-class services designed to meet and exceed the needs of our medical technology and pharmaceutical customers,” said Ruini. “Joining the UPS team will expand those capabilities and create an even more integrated global network for our customers.”
The transaction is expected to close by the end of the year, and is subject to customary regulatory review and approval.
Financial details were not disclosed.
J.P Morgan Securities LLC served as financial advisor to UPS.