UPS has finalized its acquisition of Canada’s Andlauer Healthcare Group (AHG) for USD 1.6 billion, enhancing its position in healthcare logistics, particularly for temperature-sensitive supplies. AHG shareholders will receive CAD 55 per share, a 31% premium from prior closing prices. This move, approved by regulators, allows UPS to leverage AHG’s expertise in cold chain logistics, improving delivery times and service quality. Kate Gutmann of UPS emphasized the alignment with their mission to advance healthcare logistics, while AHG’s CEO, Michael Andlauer, will lead UPS Canada Healthcare post-acquisition.

Source: https://www.stattimes.com/air-cargo/ups-completes-16-billion-acquisition-of-andlauer-healthcare-group-1357004