UPS Logistics Group, which is expanding its global presence and service parts logistics network, has acquired the assets of Swiss logistics company Polysys Electronic Systems A.G..
The new UPS Logistics Group entity began operating on May 1, 2001. Terms of the agreement have not been disclosed.
Based in Bachenblach, service parts logistics providers (SPL) Polysys operates mainly in the technology, telecom and pharmaceutical markets. Its services include order and warehouse management, transport management services, after sales support and spare parts repair. The company has four facilities, including a repair and returns center, in Bachenblach, Lausanne, Crissier and Basel.
“Polysys shares our ideals and our commitment to excellence and quality of service, making this acquisition a perfect strategic fit for both UPS Logistics Group and Polysys,” said Bill Caplan, managing director of UPS Logistics Group Europe.
This is UPS’s second acquisition in Europe, following its purchase of SPL company Finon Sofecome last year.
“Many of our clients, particularly in the high-tech arena, are now operating on a global basis. In order to grow with them, we felt it was important to work with an SPL provider that shares our commitments and can provide us with access to a global infrastructure, best-in-breed technology and high levels of expertise and experience. UPS Logistics Group meets all of these requirements and I am delighted to be announcing this acquisition today,” said Ernst Mathieu, previously director of Polysys, and now director of UPS Logistics Group in Switzerland.
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