Atlanta, Georgia, US: United Parcel Service is to buy Italian healthcare logistics firm Bomi Group
UPS said it is focusing on high-margin businesses to offset declining volumes as the pandemic-fuelled e-commerce boom softens. Once the transaction becomes official, UPS said it will bring more than 350 temperature-controlled vehicles and 4 million square-feet to the UPS Healthcare business.
Bomi will significantly help UPS in delivering next-generation pharmaceutical and biologic treatments requiring time-critical and temperature-sensitive logistics services, UPS said.
“We are focused on building healthcare logistics capabilities and services that allow our customers to deliver the newest healthcare innovations,” said Wes Wheeler, president, UPS Healthcare.
UPS expects the purchase to be completed by the end of the year subject to regulatory review and approval.
