UPS’s acquisition of Bomi Group is a done deal

Logistics

UPS’s acquisition of Bomi Group is a done deal

Excerpt:

This acquisition adds significant scale to the company’s UPS Healthcare unit, with temperature-controlled facilities in 14 countries, as well as 3,000 new employees throughout Europe and Latin America.

Article Summary:

Atlanta-based global freight transportation and logistics services provider said this week it has officially completed its acquisition of Lombardia, Italy-based multinational healthcare logistics provider Bomi Group.

UPS initially announced its plans to acquire Bomi in August. A purchase price was not disclosed.

Established in 1985, Bomi provides high value-added services in the medtech and pharma sectors, with a customized and tailored approach, with more than 150 global multinational customers, according to UPS.

This acquisition adds significant scale to the company’s UPS Healthcare unit, with temperature-controlled facilities in 14 countries, as well as 3,000 new employees throughout Europe and Latin America.

UPS said that Bomi will change its name to Bomi, a UPS Company, adding that Bomi Group CEO Maro Ruini will join the UPS Healthcare leadership team and also transition into a new role, in which he will oversee and lead distribution operations in southern Europe and Latin America. What’s more, it also noted that bringing Bomi into the fold provides UPS Healthcare customers with access to 216 facilities comprised of more than 1.5 million square-meters of cGMP and GDP-compliant healthcare distribution space across 37 countries and territories.

UPS Executive Vice President and President of UPS International, Healthcare and Supply Chain Solutions, Kate Guttman said in a statement that the companies’ combined teams, vehicles, and advanced facilities will allow UPS Healthcare to expand its pan-European cold chain network and also said that UPS Healthcare has developed what she called a detailed transition plan to support the continued growth of its business and also connect cold chain capabilities to major European and Latin America gateways.

(Source: Supply Chain Management Review, 17th November 2022)