UPS acquiring CEMELOG
UPS (NYSE: UPS) announced it will purchase Hungary-based pharmaceutical logistics company CEMELOG Zrt as part of its ongoing global growth and investment strategy.
The acquisition further strengthens UPS’s healthcare reach and expertise in Europe, enabling comprehensive, compliant services in the pharmaceutical, biotech and medical device industries across Central and Eastern Europe.
UPS expects to complete the transaction in the second quarter of 2013, subject to customary closing conditions. Per company policy, terms of the deal were not disclosed.
Based outside of Budapest, CEMELOG has offered customers across Central and Eastern Europe tailor-made healthcare logistics systems for the past 14 years. Backed by a strong regional network, advanced warehousing management systems, full quality assurance services, and an experienced workforce, the company helps healthcare clients maximize supply chain efficiencies, meet regulatory requirements, and deliver products reliably and securely.
“This acquisition is a continuation of our ongoing growth strategy across our business units and allows us to create innovative solutions for our customers that leverage UPS’s global network,” said Scott Davis, UPS chairman and chief executive officer. “It will position us well to meet the needs of healthcare companies in a key geographic location as they strive to regionalize logistics operations as a way to increase efficiencies.”
The acquisition adds three facilities with about 255,000 square feet (24,000 square meters) of healthcare distribution space to UPS’s European network. This announcement follows the opening of three new dedicated healthcare facilities in Asia in October 2012 and the expansion of five facilities across North America in early 2013. UPS now operates more than 6.4 million square feet (nearly 595,000 square meters) of dedicated healthcare space in 41 facilities worldwide.
UPS delivers healthcare companies a portfolio of specialized freight and small package transportation and distribution services. Its healthcare network offers temperature-sensitive handling, geographic-specific regulatory compliance, monitoring and security, kitting and labeling, as well as order management and accounts receivable.
For more information, visit www.ups.com/healthcare.