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UPS buys Polar Speed

Published: 12 February 2014  02:54 PM
Industry Channel: Transport & Distribution 

UPS has bought Polar Speed, the UK-based provider of temperature-sensitive pharmaceutical supply chain services as part of its strategy to strengthen its healthcare network across Europe.

Polar Speed specialises in active temperature-controlled deliveries to hospitals, pharmacies, wholesalers and surgery centres as well as end patients.

It uses a fleet of 118 actively monitored temperature-controlled vehicles for transporting both 2-8 degrees celsius refrigerated and 15-25 degrees celsius products in accordance with UK guidelines for medicines and healthcare products (MHRA).

The acquisition adds three facilities to UPS's global healthcare network, now totalling 45 facilities.

"The acquisition will help UPS meet the needs of healthcare customers who want to reach the important U.K. market offering increased value in managing more flexible and efficient healthcare supply chains," said Cindy Miller, president UPS Europe.

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