UPS Completes Acquisition of Bomi Group Multi-National Healthcare Logistics Provider

Rhea-AI Summary

UPS has completed its acquisition of Bomi Group, enhancing its healthcare logistics capabilities across Europe and Latin America. The deal adds temperature-controlled facilities in 14 countries and 3,000 skilled employees to UPS Healthcare. Under the new name Bomi Group, a UPS Company, the operation will bolster UPS's distribution network, providing 216 facilities with 17 million square feet of compliant healthcare space. This strategic move allows UPS Healthcare to offer advanced logistics solutions, improving its market presence and synergy potential.

Positive

• Acquisition expands UPS's cold chain capabilities in 14 countries.
• Addition of 3,000 skilled employees enhances operational capacity.
• Bomi Group's integration allows access to 216 facilities and 17 million square feet of healthcare distribution space.
• Strengthens UPS Healthcare's service offerings across Europe and Latin America.

Negative

• None.

Acquisition Accelerates Expansion of Cold Chain Capabilities Throughout Europe and Latin America

ATLANTA, Nov. 16, 2022 (GLOBE NEWSWIRE) -- UPS (NYSE: UPS) yesterday announced the closing on its previously announced acquisition of Bomi Group, an industry-leading multi-national healthcare logistics provider. Through the acquisition, the company’s healthcare unit, UPS Healthcare, will add temperature-controlled facilities in 14 countries, and 3,000 highly-skilled employees to the UPS team across Europe and Latin America.

The company will operate under the new name Bomi Group, a UPS Company. Bomi Group CEO Marco Ruini will join the UPS Healthcare leadership team. UPS Healthcare customers now have access to 216 facilities with a total of 17 million square feet of cGMP and GDP-compliant healthcare distribution space in 37 countries and territories.

“Together with Marco Ruini and the Bomi team, UPS Healthcare will deliver even more sophisticated and globally integrated solutions to our customers throughout Europe and Latin America,” said Kate Gutmann, Executive Vice President and President of UPS International, Healthcare and Supply Chain Solutions. “Our combined team, vehicles, and advanced facilities will allow us to expand our pan-European cold chain network and bring the next generation of healthcare logistics solutions to our customers.”

The UPS Healthcare team has developed a detailed transition plan to support the continued growth of the business while further connecting cold chain capabilities to major European and Latin American gateways. 

“With the capabilities Bomi Group brings to our network, UPS Healthcare is confident that significant new services and synergies will come in Europe and Latin America from this acquisition,” said UPS Healthcare President Wes Wheeler. “As we move into our transition plan, we’re ready to put those synchronized services into action.”

For more information about UPS Healthcare’s innovations and customer-driven solutions, visit Healthcare.ups.com and about.ups.com.

About UPS Healthcare
UPS Healthcare delivers unparalleled healthcare logistics expertise to its customers around the world. UPS Healthcare has 17 million square feet of cGMP and GDP-compliant healthcare distribution space in 37 countries and territories. Services include inventory management, cold chain packaging and shipping, storage and fulfillment of medical devices, and lab and clinical trial logistics. UPS Healthcare's global infrastructure, its UPS® Premier visibility service, its track and trace technology, and its global quality system are well-suited to meet today's complex logistics demands for the pharmaceutical, medical device, and laboratory diagnostic industries.

About UPS 
UPS (NYSE: UPS) is one of the world’s largest companies, with 2021 revenue of $97.3 billion, and provides a broad range of integrated logistics solutions for customers in more than 220 countries and territories. Focused on its purpose statement, “Moving our world forward by delivering what matters,” the company’s more than 500,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to reducing its impact on the environment and supporting the communities we serve around the world. UPS also takes an unwavering stance in support of diversity, equity and inclusion.  More information can be found at www.ups.com, about.ups.com and www.investors.ups.com.

FAQ

What is the significance of UPS acquiring Bomi Group?

The acquisition enables UPS to significantly enhance its healthcare logistics capabilities across Europe and Latin America by adding temperature-controlled facilities and skilled personnel.

How many countries will UPS expand its healthcare logistics services with this acquisition?

UPS's acquisition of Bomi Group expands its services into 14 countries.

What are the expected benefits of UPS's acquisition of Bomi Group?

UPS expects to benefit from improved cold chain capabilities, increased facility access, and enhanced service offerings for customers in healthcare logistics.

What will be the new name of Bomi Group after the acquisition by UPS?

Bomi Group will operate under the name Bomi Group, a UPS Company.

Who will lead Bomi Group after the acquisition by UPS?

Bomi Group CEO Marco Ruini will join the UPS Healthcare leadership team post-acquisition.