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PSA International acquires global logistics company

PSA International acquires logistics company BDP International from a New York-based private equity firm.

Photo: Edgar Su/Reuters/Ritzau Scanpix

The Singapore-based port group PSA International buys 100 percent of the shares in BDP International, a provider of global integrated supply chain, transportation and logistics solutions. 

The acquisition is still subject to formal approvals by authorities and "other customary closing conditions," the companies state.

In a joint press release, Group CEO of PSA Tan Chong Meng shares that this marks PSA's first acquisition of this sort.

"This is an exciting time for us, as BDP will be PSA’s first major acquisition of this nature – a global integrated supply chain and transportation solutions provider with end-to-end logistics capabilities. Its strengths will complement and extend PSA’s capabilities to provide agile, resilient and innovative cargo solutions," Tan Chong Meng says and adds:

"Customers will be able to benefit from the extensive capabilities of both BDP and PSA, while accelerating their shift towards sustainable supply chains. We see this as a significant and strategic step forward in our vision to co-create an Internet of Logistics.”

It is not shared how much PSA paid Greenbriar Equity Group, the private equity firm that fully owned BDP, for all the shares.

BDP has 133 offices worldwide and specializes in managing highly complex supply chains, according to the release.

PSA International handled 86.6 million TEUs in 2020, moved 230,000 containers daily and has 40,000 staff, according to its website.

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