UPS (NYSE: UPS) today announced that it has completed the acquisition of Andlauer Healthcare Group Inc. (TSX: AND) ("AHG"), a leading North American supply chain management company headquartered in Canada and offering customized third-party logistics and specialized cold chain transportation solutions for the healthcare sector. Under the terms of the acquisition, AHG shareholders receive CAD $55.00 per share in cash, representing a total purchase price of approximately CAD $2.2 billion (USD $1.6 billion).

This acquisition underscores UPS’s commitment to providing global specialty capabilities as a leading provider of complex healthcare logistics. With the addition of AHG’s specialized cold chain network and expertise, UPS Healthcare customers will benefit from reduced transit times, enhanced end-to-end visibility, deepened global reach, and leading quality assurance.

"At UPS Healthcare, we are relentlessly focused on quality, improving patient outcomes and advancing healthcare delivery, and we are thrilled that Andlauer Healthcare Group, and its talented employees, share that focus," said Kate Gutmann, EVP and President of International, Healthcare and Supply Chain Solutions for UPS. "We will provide industry-leading services to our global customers, built on a foundation of quality, precision, and speed all designed to help manage high-value, temperature-sensitive treatments."

Michael Andlauer, founder and CEO of AHG, will lead UPS Canada Healthcare and AHG to expand the businesses’ specialized capabilities and meet the needs of healthcare customers. His track record and commitment to excellence further strengthen our capabilities and drive continued innovation.

For more information about UPS Healthcare’s innovations and customer-driven solutions, visit Healthcare.ups.com and about.ups.com.