UPS has entered into an agreement with private equity firm Quad-C Management to acquire MNX Global Logistics (MNX), a time-critical logistics provider with clients in the aerospace, healthcare and pharma industries.
UPS will look to leverage MNX’s specialist capabilities in airport on ground (AOG) delivery services and temperature-controlled logistics for its healthcare unit and clinical trial logistics subsidiary Marken.
The company will also offer industry-leading time-critical, temperature-sensitive logistics services together with UPS Express Critical. The transaction is expected to close by year-end, subject to customary regulatory review and approval. UPS has not declared the value and terms of the transaction at the time of writing.
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