UPS acquires MNX Global Logistics

mnx

UPS has purchased global time-critical logistics provider, MNX Global Logistics.

The acquisition will bring even more precision and capability to UPS customers in healthcare and related industries, the company said.

“UPS already brings extensive capability and industry-leading on-time delivery to our customers, and that breadth and reliability is why they place their trust in us,” said EVP and President of UPS International, Healthcare and Supply Chain Solutions, Kate Gutmann. “Together with MNX, we will further that reliability and speed globally, especially for our UPS Healthcare customers. We continue to invest in services that bring unique value to our customers and create additional growth opportunities for UPS.”

MNX’s capabilities in radio-pharmaceuticals and temperature-controlled logistics will help UPS Healthcare, and its clinical trial logistics subsidiary Marken, meet the growing demand for these services in the healthcare industry. Together with UPS Express Critical, the company will offer global service to customers in need of time-critical, temperature-sensitive logistics.

“We are excited to combine our expertise with UPS to offer the best time-critical logistics solutions to customers around the world,” said MNX CEO, John Labrie. “By joining UPS, we will be able to use the MNX team’s expertise in global, time-critical logistics within UPS’s extensive network, allowing us to provide our customers with the best possible service.

The transaction is expected to close by the end of the year, subject to customary regulatory review and approval.

In other news, German logistics company, DACHSER, has opened a new facility in Rottenburg in order to meet warehouse space demand.

Send this to a friend