UPS Seeks Bigger Role In Medical Shipping Industry With New Acquisition
UPS announces it is buying Marken Ltd, which specializes in delivering medicine and materials used in 49,000 clinical trial locations around the world.
The Wall Street Journal:
UPS Acquires Marken To Focus More On Medical Deliveries
United Parcel Service Inc. said Monday it agreed to acquire clinical logistics company Marken Ltd., deepening its push into the profitable business of medical deliveries. The move by UPS into the highly specialized industry could help it expand its express delivery business at a time when many of its traditional industrial and retail customers opt for slower, cheaper shipping options. (Esterl, 11/7)
Atlanta Journal Constitution:
UPS Acquires Life Sciences Supply Chain Firm Marken
Sandy Springs-based UPS is acquiring medical shipper Marken in a move to boost its position in the healthcare logistics and supply chain industry. Marken, which is based at the Research Triangle Park in Durham, N.C., specializes in logistics for clinical trials. It is privately-held and has 44 locations around the world and more than 650 employees who manage drug and biological shipments. (Yamanouchi, 11/7)