United Parcel Service agreed to buy Canada’s Andlauer Healthcare Group for roughly $1.6 billion in an effort to grow in healthcare transportation and logistics.

Following the close of the transaction, Michael Andlauer will lead UPS Canada Healthcare and AHG to expand the businesses’ specialized capabilities and meet the needs of healthcare customers.

Chief Executive Officer Michael Andlauer will lead UPS Canada Healthcare after the deal closes. UPS shares declined less than 1% at 9:31 a.m. in New York. Andlauer jumped 26% in Toronto.

UPS has signed a deal to buy Andlauer Healthcare Group Inc. in a deal that values the company at about $2.2 billion.

United Parcel Service (NYSE:UPS) announced on Thursday that it struck a deal to acquire Andlauer Healthcare Group Inc. (OTCPK:ANDHF) (TSX:AND:CA). The deal for the Canadian-based supply chain ...

United Parcel Service UPS-0.51%decrease; red down pointing triangle agreed to buy Canada’s Andlauer Healthcare AND-0.19%decrease; red down pointing triangle Group for roughly $1.6 billion in an ...

Andlauer, a supply-chain management company that offers specialized temperature-controlled transportation for the healthcare industry, is set to bolster UPS’s healthcare business and extend its ...

(Reuters) -Parcel giant UPS said on Thursday it would buy Canada's Andlauer Healthcare Group for $1.6 billion, boosting its healthcare logistics business. AHG operates nine distribution centers ...

April 24 (Reuters) - Parcel giant UPS (UPS.N), opens new tab said on Thursday it would buy Canada's Andlauer Healthcare Group (AND.TO), opens new tab in an all-cash deal valued at $1.6 billion ...