UPS to acquire Cemelog

Acquisition enhances UPS’s growing global and European healthcare network.

biotech Cemelog medical devices pharmaceutical UPS

UPS has announced it will purchase Hungary based pharmaceutical logistics company, Cemelog Zrt, as part of its ongoing global growth and investment strategy. The acquisition further strengthens UPS’s healthcare reach and expertise in Europe, enabling comprehensive, compliant services to customers in the pharmaceutical, biotech and medical device industries across the increasingly important markets of Central and Eastern Europe. UPS expects to complete the transaction in the second quarter of 2013, subject to customary closing conditions and as per company policy, the terms of the deal are not disclosed.