UPS buys Poltraf

Global logistics group UPS has announced the acquisition of Polish pharmaceutical logistics firm Poltraf from Ortie Capital Investment. The deal value has not been disclosed. The takeover is expected to be finalized in the first half of 2015. “The acquisition will further strengthen UPS's healthcare expertise and network in Europe, enabling compliant logistics services to customers for streamlining their product supply to the fast-growing healthcare markets of Central and Eastern Europe,” the press release said.