United Parcel Service Inc. said that the deal further strengthens its European health care network.
"Our combined services will ensure healthcare companies have access to the best temperature-sensitive transportation solutions and allow us to effectively handle the rising demand for temperature-sensitive pharmaceutical and biologic products," Cindy Miller, president of UPS Europe, said in a statement.
U.K.-based Polar Speed has 118 actively monitored temperature-controlled vehicles for transporting both 2-8 C refrigerated and 15-25 C products in accordance with certain U.K. guidelines.
UPS, which is based in Atlanta, has been bolstering its efforts in the health care sector. The company recently purchased Hungarian pharmaceuticals-delivery company Cemelog Zrt for an undisclosed amount. It's also opened a health care facility in China and expanded six of its North American health care facilities.
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