UPS Completes Bomi Group Acquisition Process

UPS Completes Bomi Group's Acquisition Process
UPS Completes Bomi Group Acquisition Process

UPS (NYSE: UPS) announced that it has completed the previously announced acquisition of Bomi Group, the industry's leading provider of international healthcare logistics. With this acquisition, UPS Healthcare, the company's healthcare unit, will add temperature-controlled facilities in 14 countries across Europe and Latin America, including Turkey, and 3.000 highly skilled employees to its UPS team.

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 37 facilities in 17 countries and territories with a total of 216 million square feet of healthcare delivery space that comply with current good manufacturing practices (cGMP) and good distribution practices (GDP).

Kate Gutmann, Vice President and Head of UPS International, Healthcare and Supply Chain Solutions, said, “UPS Healthcare, together with Marco Ruini and the Bomi team, will deliver more sophisticated and globally integrated solutions to our customers across Europe and Latin America. “Our synergetic team, tools and advanced facilities will enable us to expand our pan-European cold chain network and deliver next-generation healthcare logistics solutions to our customers.”

The UPS Healthcare team has developed a detailed migration plan to support continued business growth while further connecting cold chain capabilities to key European and Latin American entry points.

Wes Wheeler, President of UPS Healthcare, said, “I am confident this acquisition will unlock new services and synergies in Europe and Latin America, thanks to the capabilities Bomi Group brings to our network. “As we begin to implement our migration plan, we are ready to implement synchronized services.”

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