UPS has entered a definitive agreement to acquire Andlauer Healthcare Group Inc. (TSX: AND), a Canadian-based leader in North American healthcare logistics, specializing in third-party logistics and cold chain transportation solutions.
Under the agreement, AHG shareholders will receive CAD $55.00 per share in cash, valuing the deal at approximately CAD $2.2 billion (USD $1.6 billion). The acquisition will enhance UPS Healthcare’s global cold chain capabilities to meet growing demand for temperature-controlled, precision logistics solutions.
“Next-generation treatments are driving more complexity than ever, expanding the needs of healthcare customers and increasing demand for the integrated, end-to-end cold chain solutions UPS Healthcare provides around the world,” said Kate Gutmann, EVP and president of International, Healthcare and Supply Chain Solutions for UPS. “Andlauer Healthcare Group will help us deliver expanded capability to our customers, driving best in class patient outcomes while contributing to our overall growth plans across the business. This acquisition marks another important step in our declaration to be the number one complex healthcare logistics and premium international logistics provider in the world.”
UPS values the expertise, experience, and track record of AHG’s management team and employees. Following the close of the transaction, Michael Andlauer will lead UPS Canada Healthcare and AHG to expand the businesses’ specialized capabilities and meet the needs of healthcare customers.
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“UPS Healthcare and AHG employees share a similar customer and patient-centric culture with a relentless focus on quality,” said Michael Andlauer, founder and CEO of AHG. “Once the transaction is completed, the businesses will offer an even broader set of specialized logistics services to customers throughout Canada.”
Once closed, UPS Healthcare will benefit from AHG’s temperature-controlled facilities and specialized cold chain transportation capabilities.
