By Dean Seal

United Parcel Service has agreed to acquire MNX Global Logistics to capitalize on growing demand from the healthcare industry.

The package-delivery giant said Thursday morning that MNX, a provider of time-critical logistics, will help it better serve customers in healthcare and related industries that rely on "time-sensitive, often life-impacting logistics solutions."

MNX's capabilities will benefit UPS's healthcare business as well as its clinical-trial logistics business Marken, the company said.

UPS didn't disclose the financial terms of the deal, which is expected to close by the end of the year.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

September 28, 2023 09:39 ET (13:39 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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