UPS announced today its plans to acquire Bomi Group, a leading multinational healthcare logistics provider operating internationally. By acquiring the Bomi group, UPS Healthcare will add to its ownership, new facilities in 14 temperature-controlled countries and nearly 3,000 new highly specialized staff in the European and Latin American markets.
Kate Gutmann, EVP and President of UPS International, Healthcare and Supply Chain Solutions said of the acquisition, “The Bomi Group is a leading healthcare logistics company that adds to our portfolio of services and accelerates our process of becoming the number one healthcare logistics provider. The employees of UPS Healthcare and the Bomi Group share similar values ​​and culture, with uncompromised quality and commitment to achieving the company’s goals deeply rooted in both. The combination of the two teams is sure to , will significantly improve the dynamics of our partners in the field of health care and provide them with the appropriate resources for their further development, supporting actions that are focused on the preservation of human life.”
Since 1985, Bomi Group has been providing high-quality services in the Medtech and Pharma sectors, focusing on the individual needs of the market and managing to build stable and long-term trust relationships with over 150 partner-companies around the world. The Group’s key leaders, including CEO Marco Ruini, will remain in their roles after the completion of the acquisition, as will all the Group’s employees, who are the lifeblood of its operation.
“With more than 35 years in the healthcare logistics industry, our team has developed high-end services designed exclusively to meet the needs of our customer partners,” said Marco Ruini, CEO of the Bomi Group. “Our addition to the UPS team will enhance this momentum and create an even stronger international network powered by UPS’s integrated, global smart logistics network for the benefit of our partners.”
Upon completion of the Bomi Group acquisition, UPS will own more than 350 new temperature-controlled vehicles and four million square feet (391km2) of UPS Healthcare’s global footprint, offering partners access to faster shipping times, greater manufacturing flexibility and offers that will help them attract new partnerships with businesses around the world. At the same time, the acquisition of Bomi Group by UPS will play a key role in the timely delivery of next-generation pharmaceuticals and biological therapies, which require high-end logistics services and customized temperature conditions during their transport.
Wes Wheeler, President of UPS Healthcare said “We are focused on developing healthcare logistics services that will drive our partners to deliver innovative healthcare solutions. We are excited to combine the talent, expertise and capabilities of the Bomi Group with UPS Healthcare – together, we will provide unparalleled solutions to our partners through UPS’s global, integrated and intelligent network.”
The acquisition of Bomi Group is part of UPS Healthcare’s continued expansion of its network and services to meet growing demand. UPS Healthcare, including the acquisition of the Bomi Group, has doubled its global footprint since 2020. Its most recent investments include newly built and soon-to-open healthcare logistics facilities in Germany and Australia and expanded campuses in Hungary and the Netherlands.
Translating the logistics process into a competitive advantage of every collaboration, the new investments and services offered by UPS Healthcare respond dynamically to the complex and varied needs of the market, for the benefit of its partners and customers.
The Bomi Group acquisition process is expected to be completed by the end of 2022, and JP Morgan Securities LLC is advising on the financial deal on behalf of UPS.
For more information about UPS Healthcare visit healthcare.ups.com and about.ups.com.
Source: Capital
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