PSA International announced it has completed the acquisition of integrated supply chain logistics outfit BDP International.
After receipt of approvals from regulators, PSA completed the acquisition of 100% of share in BDP from Greenbriar Equity Group.
Initially announced in December 2021, the deal forms part of PSA’s expansion into the wider supply chain. BDP is a global logistics solutions provider managing end-to-end movement of shipments for a range of segments such as chemicals, industrial, healthcare, consumer and retail customers. The company has 133 offices worldwide.
Post-acquisition, the firms will focus on improving supply chain orchestration and cargo flow optimisation, extending PSA’s reach beyond the port and offering BDP extra insights into PSA’s deepsea, rail and inland terminals and distribution and warehousing companies.
Tan Chong Meng, Group CEO of PSA International, said: “I am pleased to welcome BDP’s over 5,000 talented employees into the PSA family. Leveraging our complementary capabilities and footprints, we envision a future that will bring out the best of both BDP and PSA, unlocking greater value for cargo owners, creating new opportunities for business growth, and enabling fresh innovations for more agile, resilient, and sustainable supply chains.”
Related: PSA extends supply chain push acquiring BDP International
Mike Andaloro, Chief Executive Officer and President of BDP International said: “BDP is thrilled to join the PSA team. This transformative acquisition presents us with the unique opportunity to re-imagine supply chain solutions by combining the strengths of our asset-light solutions model with PSA’s impressive global infrastructure. We look forward to working alongside the talented team at PSA to innovate new, resilient solutions for our customers.”
Source: Seatrade Maritime News
