UPS Logistics Group Acquires Assets of Polysys Electronic Systems A.G.
ATLANTA–(BUSINESS WIRE)–May 2, 2001–The UPS Logistics Group, which is expanding its global presence and service parts logistics network, today announced it has acquired the assets of Polysys Electronic Systems A.G., a leading Swiss logistics company.
Terms of the agreement were not disclosed.
Based in Bachenbulach, Polysys is one of the country’s leading service parts logistics providers (SPL) 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 Bachenbulach, Lausanne, Crissier and Basel.
Bill Caplan, managing director of UPS Logistics Group Europe said, “UPS Logistics Group is one of the world’s leading providers of service parts logistics. 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.”
In the last year, UPS Logistics Group has been acquiring leading Service Parts Logistics companies to expand its critical delivery network on a world-wide basis. This is the company’s second acquisition in Europe; UPS Logistics Group purchased French SPL company Finon Sofecome last year.
Ernst Mathieu, previously director of Polysys, and now director of UPS Logistics Group in Switzerland said: “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.”
The new UPS Logistics Group entity will be in operation from May 1, 2001.
UPS Logistics Group is a wholly owned subsidiary of United Parcel Service (NYSE: UPS) and was established in Europe in 1995. The European headquarters are based in St Albans in the UK. UPS Logistics Group has four key service offerings: Supply Chain Management, Transportation Services, Service Parts Logistics and Logistics Technologies. UPS Logistics Group has 420 locations in more than 50 countries.
Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company’s strategic directions, prospects and future results. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including our competitive environment, economic and other conditions in the markets in which we operate, governmental regulation, increases in aviation and motor fuel prices, cyclical and seasonal fluctuations in our operating results, and other risks discussed in the company’s filings with the U.S. Securities and Exchange Commission, which discussions are incorporated herein by reference.
