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Home » UPS completes acquisition of Marken
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UPS completes acquisition of Marken

December 22, 2016
Ben Ames
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Global parcel delivery giant UPS Inc. has completed its acquisition of Marken, the pharmaceutical logistics specialist it first announced it would buy in November.

Terms of the purchase were not disclosed.

By making Marken a wholly owned subsidiary, Atlanta-based UPS gains growth opportunities across the life sciences customer base, particularly in Marken's specialty area of clinical trials material storage and distribution, UPS said.

Research Triangle Park, N.C.-based Marken operates a global network of FDA-compliant medical depots and logistic hubs in 44 locations. The sites support the storage and distribution of biological sample shipments and clinical trial materials.

UPS has been ramping up its investment in the services it needs to claim a larger share of that lucrative market. In July, the company announced that it would expand its ability to provide temperature control, precision parcel tracking, and other capabilities for handling international shipments of drugs and biological specimens involved in clinical trials research.

Wes Wheeler will continue as CEO of Marken, reporting to UPS chief marketing and business services officer Teresa Finley.

"Healthcare logistics is a strategic market for UPS," Finley said in a statement. "Our acquisition of Marken strengthens our portfolio and demonstrates our commitment to customers and the healthcare industry."

Transportation Last Mile
KEYWORDS Marken UPS
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Benames
Ben Ames has spent 20 years as a journalist since starting out as a daily newspaper reporter in Pennsylvania in 1995. From 1999 forward, he has focused on business and technology reporting for a number of trade journals, beginning when he joined Design News and Modern Materials Handling magazines. Ames is author of the trail guide "Hiking Massachusetts" and is a graduate of the Columbia School of Journalism.

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