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UPS to buy life sciences specialist

Time:2016-11-08 20:43 Source:Supply Chain Standard Writer:admin Click:Times

UPS is to acquire Marken, a global provider of supply chain solutions to the life sciences industry, for an undisclosed sum.


“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.”


Pharmaceutical companies, clinical research organisation and contract manufacturers use Marken for collection and transport of clinical trial material and investigational medicinal products to 49,000 clinical trial sites, as well as the shipment of biological samples from these sites to central laboratories.


These shipments are time and temperature sensitive, and their rapid, on-spec delivery is a key factor in the treatment of patients and the success of the clinical trial.


The company has more than 650 employees with an asset-light operating structure and 44 locations worldwide, including 10 depots that are compliant with Good Manufacturing Practices.


Marken’s CEO Wes Wheeler will continue to lead the Marken business, which will operate as a wholly-owned subsidiary of UPS.


“We are excited to join the UPS organisation,” he said. “UPS’s capabilities, particularly in mature markets, will provide many opportunities for us to enhance our service offerings in clinical trials logistics.


“With UPS, we will improve our efficiency, while continuing to provide our clients with the high-touch, personalized services that they have come to expect from us.”


The transaction is expected to close by 31st December.





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