Acquisition will enhance its end-to-end capabilities and better serve healthcare customers in North America requiring temperature-controlled logistics solutions
UPS (NYSE: UPS) announced today that it has entered into a definitive agreement to acquire Andlauer Healthcare Group Inc. (TSX: AND) (“AHG”), a leading North American supply chain management company headquartered in Canada that provides customized third-party logistics and specialized cold chain transportation solutions to the healthcare industry.
Under the terms of the agreement, AHG shareholders will receive 55 Canadian dollars per share in cash, for a total purchase price of approximately 2.2 billion Canadian dollars (1.6 billion U.S. dollars). The transaction will expand UPS Healthcare’s global end-to-end cold chain capabilities portfolio to meet customers’ growing demand for temperature-controlled and precision logistics solutions.
“Next-generation treatments are creating unprecedented complexity, expanding the needs of healthcare customers and increasing demand for the integrated, end-to-end cold chain solutions UPS Healthcare provides around the world,” said Kate Gutmann, executive vice president and president of UPS International, Healthcare and Supply Chain Solutions. “Andlauer Healthcare Group will help us provide an even stronger capability to serve our customers, drive best-in-class patient outcomes, and support our growth initiatives across the business. This acquisition marks another important step toward our goal of becoming the world’s number one provider of complex healthcare logistics and high-end international logistics.”
UPS values the expertise, experience and track record of AHG’s management team and employees. Upon completion of the transaction, Michael Andlauer will lead UPS Canada Healthcare and AHG to further expand the expertise of both companies to meet the needs of healthcare customers.
“UPS Healthcare and AHG employees share a similar customer- and patient-centric culture and an unwavering focus on quality,” said Michael Andlauer, founder and CEO of AHG. “Once this transaction closes, we will be able to offer an even broader range of specialized logistics services to our customers across Canada.”
Upon completion of the transaction, UPS Healthcare will benefit from AHG’s temperature-controlled facilities and specialized cold chain transportation capabilities.
Other transaction details
The transaction is expected to close in the second half of 2025, subject to approval by AHG shareholders, customary regulatory reviews and approvals, and other customary closing conditions.
Michael Andlauer and AHG’s controlling shareholder, Andlauer Management Group Inc., have agreed to vote their AHG shares in support of the transaction.
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