UPS acquires AHG cold-chain group for $2.2bn
- May 5, 2025
- Steve Rogerson

UPS has acquired Andlauer Healthcare Group, a Canadian supply chain management company offering customised third-party logistics and specialised cold-chain transportation for the healthcare sector.
AHG shareholders will receive C$55 per share in cash, representing a total purchase price of approximately C$2.2bn. This transaction will extend the global portfolio of end-to-end cold chain capabilities available to UPS Healthcare customers, who increasingly seek temperature-controlled and precision logistics offerings.
“Next-generation treatments are driving more complexity than ever, expanding the needs of healthcare customers and increasing demand for the integrated, end-to-end cold chain UPS Healthcare provides around the world,” said Kate Gutmann, executive vice president at UPS. “Andlauer Healthcare Group will help us deliver expanded capability to our customers, driving best-in-class patient outcomes while contributing to our overall growth plans across the business. This acquisition marks another important step in our declaration to be the number one complex healthcare logistics and premium international logistics provider in the world.”
Following the close of the transaction, Michael Andlauer, founder and CEO of AHG, will lead UPS Canada Healthcare and AHG to expand the businesses’ specialised capabilities and meet the needs of healthcare users.
“UPS Healthcare and AHG employees share a similar customer and patient-centric culture with a relentless focus on quality,” said Andlauer. “Once the transaction is completed, the businesses will offer an even broader set of specialised logistics services to customers throughout Canada.”
Once closed, UPS Healthcare will benefit from AHG’s temperature-controlled facilities and specialised cold-chain transportation capabilities.
Closing of the transaction is targeted for the second half of 2025, subject to AHG’s shareholder approval, customary regulatory reviews and approvals, and other customary closing conditions. Michael Andlauer and Andlauer Management Group, the controlling shareholder of AHG, have agreed to vote their AHG shares in favour of the transaction.
For more information about UPS Healthcare visit Healthcare.ups.com.
UPS (about.ups.com) had 2024 revenue of $91.1bn, and provides a broad range of integrated logistics for customers in more than 200 countries and territories. UPS Healthcare delivers healthcare logistics expertise to its customers around the world.
AHG (www.andlauerhealthcare.com) is a supply chain management company offering customised 3PL and specialised transportation for the healthcare sector. Its 3PL services include customised logistics, distribution and packaging for healthcare manufacturers across Canada.