UPS said it has completed the acquisition of Andlauer Healthcare Group, a North American supply chain management company headquartered in Canada and offering customized third-party logistics and specialized cold-chain transportation solutions for the healthcare sector.
Under the terms of the acquisition, AHG shareholders receive CAD $55 per share in cash, representing a total purchase price of approximately CAD $2.2 billion ($1.6 billion).
With the addition of AHG’s specialized cold chain network and expertise, the company said its UPS Healthcare customers will benefit from reduced transit times, enhanced end-to-end visibility, deepened global reach, and improved quality assurance.
“At UPS Healthcare, we are relentlessly focused on quality, improving patient outcomes and advancing healthcare delivery, and we are thrilled that Andlauer Healthcare Group, and its talented employees, share that focus,” said Kate Gutmann, EVP and President of International, Healthcare and Supply Chain Solutions for UPS. “We will provide industry-leading services to our global customers, built on a foundation of quality, precision, and speed all designed to help manage high-value, temperature-sensitive treatments.”
Michael Andlauer, founder and CEO of AHG, will lead UPS Canada Healthcare and AHG to expand the businesses’ specialized capabilities and meet the needs of healthcare customers.
