PSA confirms agreement of acquiring majority stake in ALISAN Logistics
SINGAPORE : PSA International has signed an agreement to buy 75% of the shares of privately held ALISAN Logistics through its wholly-owned subsidiary, PSA-BDP Turkey Supply Chain Solutions.
ALISAN is a Turkish logistics firm that specialises in fast-moving consumer goods (FMCG), chemicals, automotive sectors, and agribusiness.
Following the completion of the deal, ALISAN will be grouped under the aegis of PSA’s cargo solutions business, PSA BDP.
“We strongly believe in the long-term growth potential of Türkiye and this investment re-affirms our strategic focus in extending PSA’s network and capabilities to serve cargo owners,” stated PSA’s Group CEO Tan Chong Meng.
PSA said it will benefit from ALISAN’s strong presence in Turkey and its local expertise in contract logistics and domestic distribution. At the same time, ALISAN will benefit from PSA’s global network of deepsea, rail, and inland terminals, affiliated businesses in distribution parks, warehouses, logistics, and marine services, and global expertise in end-to-end supply chain services, according to a statement.
“Today we are taking our biggest step forward in our 38 years of (family) company history. This acquisition is the best fit for both companies and specifically for ALISAN as it means the accomplishment of our future growth strategy,” stated Banu Damla Alisan, Vice President on the board of ALISAN.