07.11.2016 15:31:48

UPS To Acquire Marken; Terms Undisclosed

(RTTNews) - UPS (UPS) said it agreed to acquire Marken, a global provider of supply chain solutions to the life sciences industry. The transaction, which provides UPS with growth opportunities across the life sciences customer base, is expected to close by December 31, subject to customary conditions and regulatory approvals. Terms of the acquisition were not disclosed.

Wes Wheeler, Marken's Chief Executive Officer, will continue to lead the Marken business, which will operate as a wholly-owned subsidiary of UPS.

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