SINGAPORE's global port operator PSA International has agreed to acquire 100 per cent of forwarding major BDP International from New York private equity firm Greenbriar Equity Group.
The transaction is subject to formal approvals by the relevant authorities and other customary closing conditions.
Based in Philadelphia, BDP is a global logistics solutions provider managing end-to-end movement of shipments covering a range of industries and segments such as chemicals, industrial, healthcare, consumer and retail customers.
With 133 offices worldwide, it specialises in the management of highly complex supply chains and is a proven industry leader in chemical and high care logistics and innovative visibility solutions.
PSA has been actively collaborating with its customers and partners to offer logistics and supply chain solutions beyond the port.
With this investment, PSA will benefit from BDP's global expertise in end-to-end supply chain services, while BDP can leverage PSA's network of more than 60 deepsea, rail and inland terminals worldwide, as well as affiliated businesses in distriparks, warehouses, logistics and marine services, to continue its growth plans.
For shippers and importers who are confronted with a volatile market and increasingly complex global logistics requirements, this will create opportunities for customised and sustainable solutions that will help them optimise the international supply chain process.
Said PSA International CEO Tan Chong Meng: 'BDP will be PSA's first major acquisition of this nature. Its strengths will complement and extend PSA's capabilities to provide agile, resilient and innovative cargo solutions. Customers will be able to benefit from the extensive capabilities of both BDP and PSA.'
Said BDP International CEO Mike Andaloro: 'With the extensive capabilities of PSA and their significant market presence worldwide, we will undertake a new chapter of growth to optimise global supply chain activities.'
SeaNews Turkey
The transaction is subject to formal approvals by the relevant authorities and other customary closing conditions.
Based in Philadelphia, BDP is a global logistics solutions provider managing end-to-end movement of shipments covering a range of industries and segments such as chemicals, industrial, healthcare, consumer and retail customers.
With 133 offices worldwide, it specialises in the management of highly complex supply chains and is a proven industry leader in chemical and high care logistics and innovative visibility solutions.
PSA has been actively collaborating with its customers and partners to offer logistics and supply chain solutions beyond the port.
With this investment, PSA will benefit from BDP's global expertise in end-to-end supply chain services, while BDP can leverage PSA's network of more than 60 deepsea, rail and inland terminals worldwide, as well as affiliated businesses in distriparks, warehouses, logistics and marine services, to continue its growth plans.
For shippers and importers who are confronted with a volatile market and increasingly complex global logistics requirements, this will create opportunities for customised and sustainable solutions that will help them optimise the international supply chain process.
Said PSA International CEO Tan Chong Meng: 'BDP will be PSA's first major acquisition of this nature. Its strengths will complement and extend PSA's capabilities to provide agile, resilient and innovative cargo solutions. Customers will be able to benefit from the extensive capabilities of both BDP and PSA.'
Said BDP International CEO Mike Andaloro: 'With the extensive capabilities of PSA and their significant market presence worldwide, we will undertake a new chapter of growth to optimise global supply chain activities.'
SeaNews Turkey