Login

Lost your password?
Don't have an account? Sign Up

PSA completes acquisition of BDP International

Share This News Story:
Shri Vaibhavi Logistics

SINGAPORE : PSA International (PSA) has completed its acquisition of 100% of the shares of BDP International (BDP), a leading provider of global integrated supply chain, transportation and logistics solutions. This follows the receipt of formal approvals from relevant authorities, initially announced in December 2021.

Together, PSA and BDP will extend their logistics ecosystem with solutions that focus on supply chain orchestration and cargo flow optimisation. In a climate where end-to-end supply chain visibility and resilience are critical, the acquisition of BDP adds strength and depth to PSA’s logistics and supply chain offerings beyond the port. At the same time, customers of BDP will benefit from additional insights and connectivity to PSA’s global network of deep sea, rail and inland terminals, as well as affiliated businesses in distriparks, warehouses and marine services.

PSA International Group CEO Tan Chong Meng 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.”

Chief Executive Officer and President of BDP International Mike Andaloro said, “BDP is thrilled to join the PSA team. We look forward to co-authoring the next chapter in our combined growth story.” He continued, “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.”

Share This News Story: