UPS To Acquire Bomi Group To Enhance Healthcare Logistics

United Parcel Service, Inc.(UPS) Monday announced plans to acquire healthcare logistics provider Bomi Group. The financial value and terms of the deal are not revealed. The transaction is expected to close by the end of the year.

The acquisition will add more than 350 temperature-controlled vehicles and four million square feet to the UPS Healthcare global footprint in 14 countries.

The provider of integrated logistics solutions said it expects the acquisition to play a key role in the delivery of next-generation pharma and biologic treatments.

Further, the acquisition will add nearly 3,000 highly-skilled Bomi Group team members to the UPS Healthcare network in Europe and Latin America.

Bomi Group CEO Marco Ruini and other key executives will continue in their roles in the combined entity.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Activity in the U.S. manufacturing sector slowed by more than expected in the month of September but still saw continued growth, according to a report released by the Institute for Supply Management on Monday. Stocks have moved sharply higher in morning trading on Monday, regaining ground following a dismal September. The major averages have all shown substantial moves to the upside. Swedish geneticist Svante Paabo has won this year's Nobel Prize in Physiology/Medicine for his discoveries concerning the genomes of extinct hominins and human evolution. Through his pioneering research, Svante Pääbo accomplished something seemingly impossible: sequencing the genome of the Neanderthal, an extinct relative of present-day humans. He also made the sensational discovery of a previous
Follow RTT