UPS to buy Marken
UPS has agreed to buy Marken, a global provider of supply chain solutions to the life sciences industry. The transaction is expected to close by 31 December.
“Healthcare logistics is a strategic market for UPS. Our acquisition of Marken strengthens our portfolio and demonstrates our commitment to customers,” said Teresa Finley, UPS Chief Marketing and Business Services Officer.
“We plan to offer new solutions to our customers and generate further growth opportunities for UPS.”
Wes Wheeler, Marken’s Chief Executive Officer, will continue to lead the Marken business, which will operate as a wholly-owned subsidiary of UPS.
Marken has more than 650 employees and 44 locations worldwide, including 10 depots that are compliant with Good Manufacturing Practices (GMP).