FX.co ★ UPS Completes Strategic Acquisition Of Frigo-Trans And BPL

On Wednesday, UPS announced the successful completion of its acquisition of Germany's Frigo-Trans and its affiliated company BPL, strengthening its foothold in the healthcare logistics sector throughout Europe.

This strategic acquisition enhances UPS's ability to cater to the growing need for temperature-controlled and time-sensitive logistics solutions worldwide.

The inclusion of both companies is anticipated to significantly augment UPS Healthcare's comprehensive logistics services, allowing the company to deliver seamless, dependable, and specialized offerings to its clientele.

As of now, UPS shares are trading at $126.10, reflecting a 0.90% increase, or a rise of $1.12, on the New York Stock Exchange.