PSA International has announced that it has agreed to acquire 100% of U.S.-based BDP International, which specializes in providing supply chain, transportation and logistics solutions.
The port operator will purchase BDP from New York-based private equity firm Greenbriar Equity Group, subject to formal approval by the competent authorities.
PSA will benefit from BDP’s global expertise in end-to-end supply chain services, while BDP will be able to take advantage of PSA’s network of over 60 offshore, rail and inland terminals around the world, as well as its affiliated activities in distriparks, warehousing, logistics and shipping services.
According to Chong Meng, PSA group’s Chief Executive Officer, BDP will be the first major acquisition of its kind by PSA. Its strengths will complement and extend PSA’s capabilities to provide agile, resilient and innovative cargo solutions
Translation by Giles Foster