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Strategic step forward in its vision to co-create an Internet of Logistics
PSA International has signed an Agreement to acquire 100.0% of the shares of privately-held BDP International from New York-based private equity firm Greenbriar Equity Group. The transaction is subject to formal approvals by the relevant authorities and other customary closing conditions.
PSA International see this as a significant and strategic step forward in its vision to co-create an Internet of Logistics.
Headquartered in Philadelphia, US, 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 deep-sea, 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.
Since Greenbriar’s investment in December 2018, BDP has made significant investments in its technology and service offerings to provide customers with industry-leading end-to-end supply chain management across BDP’s complex global sectors.
With flagship operations in Singapore and Antwerp, PSA’s global network encompasses over 50 locations in 26 countries around the world. The Group’s portfolio comprises more than 60 deep-sea, rail and inland terminals, as well as affiliated businesses in distriparks, warehouses, logistics and marine services.