Lineage Logistics Acquired UK?s Leading Cold Storage Company Partner Logistics
Posted by sainath on January 3rd, 2019
Pharmaceutical drugs and biologics logistics cover the physical movement of pharmaceutical and biologic drugs from the manufacturer to the end-user. It includes the transportation, warehousing, inventory management and other logistics functions. The market consists of those pharmaceutical drugs and biologics logistics that are outsourced to logistics companies instead of handled in-house by the pharmaceutical companies.
Several trends witnessed in the global pharmaceutical and biologics logistics industry include increasing consolidation in the industry, shift towards ocean shipments and integration of advanced technologies such as Block chain and IoT in pharmaceutical logistics.
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Merger and acquisition activity in the pharmaceutical drugs and biologics logistics market has been at a high level in the last three years. Major deals included those completed by Geodis, Lineage, Kuene + Nagel, Lineage Logistics, UPS, DHL, VersaCold Logistics Services and CRYO International.
In June 2017, Lineage Logistics, LLC., one of the world’s largest temperature-controlled warehousing and logistics companies, acquired Partner Logistics, Europe’s and UK’s leading cold storage provider and world’s largest automated cold storage company, to expand its facility network internationally and become a global leader in the automated cold storage warehousing
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Joined: June 13th, 2018
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