UPS to Acquire MNX
Summary
The transaction is expected to close by the end of the year, subject to customary regulatory review and approval. The acquisition will bring more precision and capability to UPS customers in healthcare and related industries who need time-sensitive logistics solutions. Together with UPS Express Critical, the company will offer global service to customers in need of time-critical, temperature-sensitive logistics. Led by CEO John Labrie, MNX provides time-critical transportation and logistics services worldwide. Clients including companies in the biopharmaceutical, life sciences, high-tech, medical device, aviation and financial industries use its solutions to safely and securely deliver time and temperature-sensitive shipments around the world.