UPS Looks to Acquire Logistics Company Poltraf
Poltraf SP. Z o.o. is a pharmaceutical logistics company based in Poland. Since 2005, they have been providing temperature-sensitive warehousing and transportation services to the healthcare market. Their employee base is only 135 people, but they’ve been growing fast. UPS wants to take advantage of Poltraf’s logisitics solutions through an acquisition deal.
UPS thinks that acquiring Poltraf will help them compete better in Europe, specifically in healthcare markets. The deal will be completed during the first quarter of 2015, but UPS did not report the cost of the acquisition or specific details. Healthcare is a fast growing industry and something that is not going to go away. After all, people will always need doctors, medicine, and other healthcare servicies. Many healthcare products, such as some medicines, require advanced logistics for temperature control. They must be stored in refrigerators and maintain their temperature during transportation. Poltraf provides these services.
Through the Poltraf acquisition deal, UPS will gain three warehouse facilities that have advanced management systems and experienced workers. UPS already has 14 healthcare facilities in its European network. In addition to the three healthcare facilities Poltraf brings to the table, they also has 170 temperature-controlled vehicles and a network of logistics providers.
A UPS spokesman said, “Poltraf is one of Poland’s most highly respected pharmaceutical logistics companies in offering temperature-sensitive warehousing and transportation solutions that help healthcare clients maximize supply chain efficiencies, meet regulatory requirements and deliver products reliably and securely.”
In February 2014, UPS acquired healthcare logistics innovator Polar Speed. The acquisition of Poltraf will further enhance UPS’s healthcare network and their ability to compete in the market. UPS wants to be a full service logistics provider that can accommodate any transportation and storage needs, even temperature sensitive material. Through this acquisition, UPS is well on their way.
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