UPS announced that it is acquiring Bomi Group, an industry-leading multinational healthcare logistics provider in a bid that will enhance its end-to-end global Healthcare Logistics capabilities and expand scale in Europe and Latin America.
UPS said the transaction — which is expected to close by the end of the year subject to customary regulatory review and approval — will add temperature-controlled facilities in 14 countries and nearly 3,000 Bomi Group team members to the UPS Healthcare network in Europe and Latin America.
The value and terms of the transaction are not being disclosed at this time, however, although J.P. Morgan Securities LLC served as the financial advisor to UPS.
"As a leading global healthcare logistics company, Bomi enhances our portfolio of services and accelerates our journey to become the number one provider of complex healthcare logistics," said Kate Gutmann, EVP, and president of UPS International, Healthcare and Supply Chain Solutions.
"The combination of our two teams will significantly improve our healthcare customers’ ability to continue to develop and deliver life-saving innovations," Gutmann added.
UPS Healthcare expansion
The acquisition will add more than 350 temperature-controlled vehicles and four million square feet (391k m2) to the UPS Healthcare global footprint.
It will also play a key role in the delivery of next-generation pharmaceutical and biologic treatments that increasingly require time-critical and temperature-sensitive logistics.
"The acquisition of Bomi is part of UPS Healthcare's continued expansion of its network and services to meet growing demand – including Bomi, UPS Healthcare has doubled its global footprint since 2020," the Atlanta-headquartered logistics company said.
It added that aside from this acquisition, recent expansions include newly constructed and soon-to-be-opened dedicated state-of-the-art healthcare logistics facilities in Germany and Australia, and expanded campuses in Hungary and the Netherlands.
UPS noted that key Bomi Group leaders, including CEO Marco Ruini, will continue in their roles to provide seamless service to Bomi Group customers after the transaction closes. Bomi's employees will also continue to play vital roles in the combined organization.
"With over 35 years in the healthcare logistics industry, our team has developed best-in-class services designed to meet and exceed the needs of our medical technology and pharmaceutical customers," said Ruini of Bomi.
"Joining the UPS team will expand those capabilities and create an even more integrated and powerful global network for our customers," the Bomi CEO added.
Meanwhile, Wes Wheeler, UPS Healthcare president said the company is focused on building its healthcare logistics capabilities.
"We are excited to combine Bomi's talent, expertise, and capabilities with UPS Healthcare – together, we will provide unmatched solutions to our customers, powered by UPS’s integrated, global smart logistics network," Wheeler added.
