UPS has completed its USD 1.6 billion acquisition of Andlauer Healthcare Group (AHG), a leading Canadian provider of specialised third-party logistics and cold chain transportation for the healthcare industry, expanding its end-to-end cold chain capabilities across North America.

AHG announced the completion of the transaction, effective November 1, 2025, under a plan of arrangement pursuant to the Business Corporations Act (Ontario). Under the agreement, UPS acquired all issued and outstanding multiple voting and subordinate voting shares of AHG for CAD 55.00 (approximately USD 40.15) per share in cash.

Following the acquisition, AHG’s subordinate voting shares will be delisted from the Toronto Stock Exchange, and the company will apply to cease to be a reporting issuer in all Canadian provinces and territories.

Michael Andlauer, founder and CEO of AHG, will assume leadership of UPS Canada Healthcare while continuing to oversee AHG’s operations.

Announcing the acquisition of AHG in April, UPS Healthcare said that the integration of AHG’s extensive infrastructure and expertise into its global network will enable the company to meet growing demand for complex, temperature-sensitive logistics solutions with greater efficiency and precision. 

Through this acquisition, UPS Healthcare gains access to state-of-the-art temperature-controlled facilities and advanced cold chain services, further strengthening its position as a trusted logistics partner for pharmaceutical and life sciences companies in Canada and worldwide.