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supply chain US

UPS to buy MNX Global Logistics as it grows healthcare portfolio

Adhikansh Gupta

• 1 min read
UPS to buy MNX Global Logistics as it grows healthcare portfolio

UPS is set to acquire MNX, a logistics and supply chain solutions company. This move is in line with UPS' strategic objective of becoming a top provider in healthcare logistics. The MNX deal will provide UPS with added technology and global reach, as MNX serves over 100 countries. UPS expects to generate $10 billion in healthcare revenue by 2023. The acquisition also gives UPS technology that improves efficiency and reduces costs. UPS recently acquired Transports Chabas Santé's healthcare logistics unit and opened healthcare facilities in Germany and Ireland.

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Frequently Asked Questions

1. What is UPS acquiring?

UPS is acquiring MNX Global Logistics, a global provider of time-critical logistics solutions in the healthcare industry.

2. Why is UPS acquiring MNX Global Logistics?

UPS is acquiring MNX Global Logistics as part of its strategic move to expand its global healthcare portfolio and meet the growing demand for time-critical logistics services in the healthcare industry.

3. When was the announcement made?

The announcement was made 2 days ago.

4. Are there any financial details about the acquisition?

The terms of the acquisition were not disclosed.

5. What other healthcare services does UPS offer?

UPS offers healthcare services through its subsidiary Marken and its clinical trial logistics services, in addition to its UPS Express Critical service.