This move aims to enhance UPS’ precision and capability in offering time-sensitive logistics solutions, particularly in the healthcare and related industries, the companies said in a Thursday (Sept. 28) press release.
“Whether it’s to save a life or to get a grounded airplane back in the air faster, MNX will help UPS deliver what its customers need, when they need it, with even greater confidence,” the release said.
MNX, headquartered in Long Beach, California, specializes in time-critical transportation and logistics services globally, according to the press release. The company serves multinational leaders in industries such as biopharmaceuticals, life sciences, high-tech, medical devices, aviation and finance.
Kate Gutmann, executive vice president and president of UPS International, healthcare and supply chain solutions, said in the release that the partnership with MNX will complement UPS Healthcare and its clinical trial logistics subsidiary, Marken, in meeting the growing demand for time-critical, temperature-sensitive logistics in the healthcare industry. Gutmann said the collaboration will enhance reliability and speed globally, especially for UPS Healthcare customers.
MNX CEO John Labrie said the acquisition provides the opportunity to leverage MNX’s expertise in global, time-critical logistics within UPS’ extensive logistics network, allowing them to provide customers with the best possible service.
The transaction is expected to be completed by the end of the year, pending customary regulatory review and approval, according to the press release. The value and terms of the acquisition have not been disclosed.
This planned acquisition comes about a year after UPS purchased Italy-based healthcare logistics provider Bomi. The deal, which was announced in August 2022, added temperature-controlled facilities in 14 countries, more than 350 temperature-controlled vehicles and nearly 3,000 Bomi team members to the UPS Healthcare network in Latin America and Europe.
Two months before that, in June 2022, UPS bought Texas-based Software-as-a-Service (SaaS) company Delivery Solutions, saying the acquisition would provide retailers with “out-of-the-box” same-day delivery solutions. The Delivery Solutions technology platform helps retailers ship from distribution centers and stores, offers curbside and in-store pick-up solutions, and can help retailers manage the post-purchase customer experience.