UPS to Acquire Andlauer Healthcare Group for $1.6B
UPS is one of the world’s largest companies, with 2024 revenue of $91.1 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories.
Andlauer Healthcare Group Inc. is a Canadian company specializing in healthcare supply chain management and logistics.
UPS has announced that it will acquire Canadian-headquartered Andlauer Healthcare Group for $39.62 per share in cash at a purchase price of $1.6 billion. UPS gains additional end-to-end cold chain services for healthcare customers, including facilities in Canada and trucking subsidiaries in the US. UPS wants to be the de facto logistics partner for the healthcare sector, but also take a share in the growing demand and higher margins in the healthcare sector versus normal deliveries.
