UPS acquires Italian health care provider

UPS "brown tails" lined up at an airport.

UPS Inc. said Monday it has acquired Italian health care provider Bomi Group for an undisclosed sum, a move that expands UPS’ global health care footprint by about 35%.

Bomi will add about 4 million square feet of distribution space to the roughly 11 million square feet operated by UPS Healthcare, the company’s health care business. Bomi operates in 14 countries, with a focus on Europe and South America. It also operates 350 temperature-controlled vehicles.

Bomi has been in business since 1985. CEO Marco Ruini and other top company executives will stay on following the close of the transaction, UPS (NYSE: UPS) said. The transaction is expected to be finalized by year’s end.

UPS has long been a major player in health care logistics. Its efforts accelerated in 2020 in response to the global need to store and distribute COVID-19 vaccines. 

Including the square footage added by Bomi, UPS Healthcare will have doubled its global distribution network since 2020.

Source: freightwaves - UPS acquires Italian health care provider
Editor: Mark Solomon