United Parcel Service has agreed to the acquisition of Polish pharmaceutical logistics firm Poltraf from Poland-based investment fund Ortie Capital Investment.
The U.S. delivery giant did not release financial details of the transaction, which it expects to complete in the first half of 2015.
The acquisition will add three warehouses and 170 temperature-controlled trucks to UPS’ European network that now totals 14 healthcare facilities.
“Poltraf complements our mainland European expansion plan and we are now able to provide healthcare companies access to a single source for logistics solutions across the continent, helping to achieve greater supply chain efficiencies and compliance with relevant guidelines,” said Cindy Miller, president of UPS Europe.
UPS’ earlier European healthcare logistics acquisitions include the UK’s Polar Speed in February 2014, Cemelog of Hungary in 2013 and Italy-based Pieffe in 2011.
UPS plans to invest $1 billion in its European operations in the next to three to five years, mainly on expanding its logistics centres, particularly in the healthcare sector, chief financial officer Kurt Kuehn said earlier in the year.
Another $1 billion will go into international infrastructure in Asia and the Americas. The world’s largest package delivery company delivers around 4.3 billion packages a year across the world, with its U.S. division bringing in 61 percent of its $46.5 billion turnover.
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