United Parcel Service (UPS) vehicles are seen at a facility in Brooklyn, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly(Reuters) - United Parcel Service Inc (NYSE: ) said on Monday it would buy Italy-based healthcare-logistics firm Bomi Group for an undisclosed amount to bolster its capability in delivering medicines that require cold storage. Healthcare logistics is among the areas the delivery firm has been focusing after it expanded temperature-controlled supply-chain logistics to support the deployment of COVID-19 vaccines globally. The world's biggest package delivery firm expects to add more than 350 temperature-controlled facilities, or warehouses used to store temperature-sensitive pharmaceutical products across 14 countries from the deal. Founded in 1985, Bomi Group helps healthcare providers with warehousing and temperature-controlled supply chain logistics for sensitive pharmaceutical products across Europe and South America.

Source: Wall Street Journal August 08, 2022 00:27 UTC