- UPS (UPS, Financial) announces a $1.6 billion acquisition of Andlauer Healthcare Group (AND) to enhance its healthcare logistics capabilities.
- This strategic move aims to expand UPS's cold chain solutions for complex healthcare logistics in North America.
- The transaction is expected to close in the latter half of 2025, pending shareholder and regulatory approvals.
UPS (UPS) has declared a definitive agreement to acquire Andlauer Healthcare Group Inc. (AND), a renowned North American supply chain management company, for approximately USD$1.6 billion (CAD$2.2 billion). This acquisition is poised to advance UPS Healthcare's global offerings, particularly in temperature-controlled and precision logistics solutions, reflecting the increasing complexity and demand in the healthcare sector.
Under the acquisition terms, AHG shareholders will receive CAD$55.00 per share in cash. The integration of AHG's robust cold chain transportation and logistics solutions will augment UPS's current capabilities, ensuring best-in-class service delivery and improved patient outcomes. Kate Gutmann, EVP and President of International, Healthcare and Supply Chain Solutions at UPS, emphasized that the acquisition aligns with UPS's strategic plan to dominate the complex healthcare logistics sphere globally.
Post-acquisition, Michael Andlauer, the founder and CEO of AHG, is expected to lead UPS Canada Healthcare and AHG, continuing to meet the specialized needs of healthcare customers. The transaction underscores a shared commitment to quality and customer-focused services between UPS Healthcare and AHG employees.
Closure of the deal is anticipated in the second half of 2025, contingent upon shareholder approval and regulatory clearances. Michael Andlauer, along with Andlauer Management Group Inc., the controlling shareholder, has pledged to vote in favor of the transaction, signaling strong support for the merger.
