UPS completes purchase of pharma logistics firm Marken

UPS has completed the acquisition of Marken, a global supply chain specialist serving the pharmaceutical and life science industries, as it looks to strengthen its presence in healthcare logistics.
The deal was first announced in November, but the transaction closed on Wednesday when Marken became a wholly owned subsidiary of UPS.
“Healthcare logistics is a strategic market for UPS. Our acquisition of Marken strengthens our portfolio and demonstrates our commitment to customers and the healthcare industry,” said Teresa Finley, UPS chief marketing and business services officer.
Wes Wheeler will continue as chief executive of Marken, reporting to Finley.Terms were not disclosed.
When the deal was first announced, UPS said that clinical trials require the strict regulatory compliance, streamlined logistics services and global reach offered by Marken.
The acquisition of Marken follows multiple UPS acquisitions that have expanded the company’s healthcare logistics services portfolio.

Share this story

Related Topics

Latest americas news

Amazon Air adds flights to Manchester-Boston Airport

By Damian Brett

Amazon Air has launched a daily cargo service between Manchester-Boston Regional Airport (MHT) and Cincinnati/Northern Kentucky International Airport (CVG). The…

Read More

Share this story

Amazon partners with Azul Cargo on e-commerce in Brazil

By Rebecca Jeffrey

Amazon and Azul Cargo have partnered to speed up the delivery of air cargo e-commerce packages in North Brazil. The…

Read More

Share this story

Cargojet and UPS Canada renew air cargo agreement

By Rebecca Jeffrey

Canadian cargo airline Cargojet has renewed and extended its Air Cargo Services Agreement with United Parcel Service (UPS) Canada for…

Read More

Share this story