UPS plans to acquire Bomi Group, a multinational healthcare logistics provider.
The transaction will add temperature-controlled facilities in 14 countries and nearly 3,000 Bomi Group staff to the UPS Healthcare network in Europe and Latin America. This includes more than 350 temperature-controlled vehicles and four million square feet of facilities.
Bomi Group has been operating since 1985, providing services for the Medtech and Pharma sectors. It has more than 150 multinational customers.
Key Bomi Group leaders, including CEO Marco Ruini, will continue in their roles after the transaction closes. Bomi Group’s employees will also continue to play vital roles in the combined organization.
“With over 35 years in the healthcare logistics industry, our team has developed best-in-class services designed to meet and exceed the needs of our medical technology and pharmaceutical customers,” said Ruini. “Joining the UPS team will expand those capabilities and create an even more integrated and powerful global network for our customers.”
The acquisition of Bomi is part of UPS Healthcare’s continued expansion of its network. Including Bomi, UPS Healthcare has doubled its global footprint since 2020. Recent expansions include newly constructed and soon-to-be-opened healthcare logistics facilities in Germany and Australia, and expanded campuses in Hungary and the Netherlands.
“We are focused on building healthcare logistics capabilities and services that allow our customers to deliver the newest healthcare innovations,” said UPS Healthcare president Wes Wheeler. “We are excited to combine Bomi’s talent, expertise and capabilities with UPS Healthcare.”
The transaction is expected to close by the end of the year, subject to customary regulatory review and approval. The value and terms of the transaction are not being disclosed at this time. J.P. Morgan Securities LLC served as the financial advisor to UPS.