UPS to buy Hungarian pharma logistics firm

Budapest, Hungary: UPS is acquiring Hungary-based pharmaceutical logistics company Cemelog.

Atlanta-based UPS said the deal expands its health-care reach and expertise in Europe. It includes three sites with over 23,226 square metres of temperature-controlled health-care distribution space.

Based outside of Budapest, Cemelog has offered customers across central and eastern Europe tailor-made healthcare logistics solutions for the last fourteen years.

“This acquisition is a continuation of our ongoing growth strategy across our business units,” said Scott Davis, UPS chairman and chief executive. It will position us well to meet the needs of healthcare companies in a key geographic location as they strive to regionalise logistics operations as a way to increase efficiencies,”

UPS expects the deal to close in the second quarter of 2013.

UPS opened three new dedicated health-care facilities in Asia in October 2012 and expanded five facilities in North America in early 2013.

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