UPS plans to acquire Andlauer Healthcare Group Inc., a Canada-based provider of cold chain logistics services for the health care sector, in an all-cash transaction for $1.6 billion, the company announced on Thursday.
UPS (NYSE: UPS), like global integrated shipping rivals FedEx and DHL, has targeted health care logistics as a primary area for growth because specialized storage and transport requirements for pharmaceuticals and biopharma products command high margins. The transaction comes on...