Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,504.54 87.01 0.60%
TOPIX 1,170.95 4.36 0.37%
HANG SENG 22,760.24 64.23 0.28%

UPS to Acquire Hungarian Healthcare Logistics Company CEMELOG



  UPS to Acquire Hungarian Healthcare Logistics Company CEMELOG

  Acquisition Enhances UPS’s Growing Global and European Healthcare Network

Business Wire

ATLANTA & BUDAPEST, Hungary -- April 25, 2013

UPS (NYSE: UPS) today announced it will purchase Hungary-based pharmaceutical
logistics company, CEMELOG Zrt, as part of its ongoing global growth and
investment strategy. The acquisition further strengthens UPS’s healthcare
reach and expertise in Europe, enabling comprehensive, compliant services to
customers in the pharmaceutical, biotech and medical device industries across
the increasingly important markets of Central and Eastern Europe.

UPS expects to complete the transaction in the second quarter of 2013, subject
to customary closing conditions. Per company policy, terms of the deal are not
disclosed.

Based outside of Budapest, CEMELOG has offered customers across Central and
Eastern Europe tailor-made healthcare logistics solutions for the last
fourteen years. Backed by a strong regional network, advanced warehousing
management systems, full quality assurance services and an experienced
workforce, the company helps healthcare clients maximize supply chain
efficiencies, meet regulatory requirements and deliver products reliably and
securely. CEMELOG’s customers include some of the most recognized healthcare
brands in the world.

“This acquisition is a continuation of our ongoing growth strategy across our
business units and allows us to create innovative solutions for our customers
that leverage UPS’s global network,” said Scott Davis, UPS Chairman and CEO.
“It will position us well to meet the needs of healthcare companies in a key
geographic location as they strive to regionalize logistics operations as a
way to increase efficiencies.”

“This is a tremendous development for our company,” said Éva Magyari, CEMELOG
Chief Executive Officer. “The sale serves the best interests of our employees
and customers as it enables us to join a premier brand and global leader in
healthcare logistics.”

The acquisition adds three additional facilities of approximately 255,000
square feet (24,000 square meters) of healthcare distribution space to UPS’s
current European network. The announcement follows the opening of three new
dedicated healthcare facilities across Asia in October 2012 and the expansion
of five facilities across North America in early 2013. UPS now operates more
than 6.4 million sq. ft. (nearly 595,000 square meters) of dedicated
healthcare space in 41 facilities worldwide.

UBS is acting as financial advisor to UPS.

UPS delivers value to healthcare companies through a broad portfolio of
specialized freight and small package transportation and distribution
services. UPS’s healthcare network offers services such as
temperature-sensitive handling, geographic-specific regulatory compliance,
monitoring and security, kitting and labeling, as well as order management and
accounts receivable. Services across all locations are accessible via one
global IT order management platform. UPS helps healthcare manufacturers meet
stringent and often complex regulatory requirements, provides flexibility for
a changing business environment and reliably serves an increasingly global
customer base.

For more information on UPS’s broad healthcare logistics capabilities, visit:
www.ups.com/healthcare.

UPS (NYSE:UPS) is a global leader in logistics, offering a broad range of
solutions including the transportation of packages and freight, the
facilitation of international trade, and the deployment of advanced technology
to more efficiently manage the world of business. Headquartered in Atlanta,
UPS serves more than 220 countries and territories worldwide. The company can
be found on the Web at www.UPS.com and its corporate blog can be found at
www.blog.ups.com. To get UPS news direct, visit www.pressroom.ups.com.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20130425005207/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50617893&lang=en

Contact:

UPS Corporate Public Relations
Ivette Lopez, 404-828-8113
ivettelopez@ups.com
or
UPS Europe Public Relations
Carsten Helssen, 32 2 7769832
Carsten.helssen@europe.ups.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement