In a strategic move to dominate the healthcare logistics market, UPS has acquired Frigo-Trans and its sister company BPL. These European leaders in healthcare logistics bring cutting-edge expertise in temperature-controlled and time-sensitive shipping, boosting UPS’s capabilities to meet growing global demand.
The financial details of the acquisition remain undisclosed, but the impact is clear: UPS is strengthening its end-to-end solutions for healthcare customers. From cryopreservation at -196°C to ambient storage at +15° to +25°C, Frigo-Trans’s advanced cold chain warehousing and transportation services are now part of the UPS portfolio. BPL’s focus on time-critical freight forwarding further enhances this robust offering, ensuring faster and more reliable deliveries across Europe.
A $10 Billion Industry on the Rise
UPS Healthcare, already a $10 billion business as of 2023, accounts for 10% of the company’s total revenue. The logistics giant is aiming even higher, targeting $20 billion in healthcare revenue by 2026 through acquisitions and innovation.
“This acquisition accelerates our mission to become the global leader in complex healthcare logistics,” said Kate Gutmann, Executive Vice President at UPS. “As the pharmaceutical industry evolves rapidly, the need for integrated cold and frozen supply chains has never been greater. Frigo-Trans and BPL bring world-class solutions to the table, and we’re thrilled to combine their expertise with our network.”
The Healthcare Boom
The healthcare logistics market is booming, driven by an aging population, chronic diseases, and a shift toward home-based care. Experts predict global healthcare profits will grow by 7% annually, soaring from $583 billion in 2022 to $819 billion by 2027. UPS is zeroing in on high-demand areas such as cold chain logistics, clinical advanced therapies, and home healthcare products.
Patients seek personalized and convenient healthcare options. From innovative medical devices to life-saving pharmaceuticals, the future of healthcare relies on efficient, reliable logistics, and UPS is stepping up to deliver.
Lading Logistics focuses on offering fast and dependable international logistics solutions using their knowledge and resources.
Disclaimer: This content is intended for informational purposes only and is not officially associated with UPS Global. References are based on publicly available information and general industry knowledge. For official details, please visit UPS Global official website or contact them directly.
Sources for this article: Yahoo Finance, Freight Waves.
