UPS (UPS) has formally announced its plan to acquire Andlauer Healthcare Group (ANDHF, Financial) through a definitive agreement. The acquisition will see AHG shareholders receive C$55.00 per share in cash, bringing the entire acquisition value to approximately C$2.2 billion, or $1.6 billion USD.
This strategic move is designed to bolster UPS Healthcare's global range of end-to-end cold chain solutions, addressing increasing demand for temperature-controlled and precision logistics services. Michael Andlauer will take a leading role in the expanded operations of UPS Canada Healthcare and AHG post-acquisition, aiming to enhance specialized capabilities to better serve healthcare industry requirements.
The completion of this acquisition is anticipated in the latter half of 2025. It is subject to several conditions, including the approval of AHG's shareholders, the completion of typical regulatory reviews, and other standard closing conditions. Michael Andlauer and Andlauer Management Group Inc.—the primary shareholder in AHG—have committed to supporting the transaction in the forthcoming shareholder vote.
