UPS Completes Acquisition Of Marken
December 22 2016 - 6:00AM
December 22, 2016 – UPS (NYSE:UPS) today said it completed the
acquisition of Marken, a global provider of supply chain solutions
to the life sciences industry and leader in clinical trials
material storage and distribution. The transaction, which closed on
Wednesday, makes Marken a wholly owned subsidiary of UPS and
provides UPS with growth opportunities across the life sciences
customer base.
“Healthcare logistics is a strategic market for UPS. Our
acquisition of Marken strengthens our portfolio and demonstrates
our commitment to customers and the healthcare industry,” said
Teresa Finley, UPS Chief Marketing and Business Services Officer.
Wes Wheeler will continue as CEO of Marken, reporting to Teresa
Finley.
Terms of the purchase were not disclosed.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a
broad range of solutions including transporting packages and
freight; facilitating international trade, and deploying advanced
technology to more efficiently manage the world of business.
Headquartered in Atlanta, UPS serves more than 220 countries and
territories worldwide. The company can be found on the web
at ups.com® and its corporate blog can be found
at longitudes.ups.com. To get UPS news direct,
visit pressroom.ups.com/RSS or follow
@UPS_News.
About Marken
Marken is the only patient-centric supply chain organization
100% dedicated to the pharmaceutical and life sciences industries.
Marken maintains the leading position for Direct to Patient
services and biological sample shipments and offers a
state-of-the-art GMP-compliant depot network and logistic hubs in
45 locations worldwide for clinical trial material storage and
distribution. Marken’s more than 680 staff members manage 50,000
drug and biological shipments every month at all temperature ranges
in more than 150 countries. Additional services such as
biological kit production, ancillary material sourcing, storage and
distribution, shipment lane verification and qualifications, as
well as GDP, regulatory and compliance consultancy add to Marken’s
unique position in the pharma and logistics industry. For more
information on services and locations, visit www.marken.com.
Kyle Peterson
(404) 828-4626
kylepeterson@ups.com
Christine Noble
(919) 474-6890
christine.noble@marken.com
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