UPS Acquires Germany-Based Healthcare Logistics Company Frigo-Trans, Reports Reuters

UPS has announced its intention to acquire the Germany-based healthcare logistics company Frigo-Trans for an undisclosed sum, aiming to enhance its healthcare cold-chain capabilities in Europe.

Frigo-Trans operates a network that includes temperature-controlled warehousing and freight forwarding services, along with a comprehensive cold chain transportation solution across Europe.

As part of the acquisition, UPS will also purchase Frigo-Trans’ sister company, BPL. The completion of the transaction is anticipated in the first quarter of 2025.