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PSA strikes deal to acquire BDP International

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PSA International Pte Ltd (PSA) will acquire transportation and logistics solutions provider BDP International, Inc (BDP).

The ports group has signed the agreement to take on 100% of shares from the New York-based private equity firm Greenbriar Equity Group, L.P. (Greenbriar).

Philadelphia-based 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 supply chains in chemical and high care logistics and innovative visibility solutions.

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, PSA believes.

The transaction is subject to formal approvals by the relevant authorities and other customary closing conditions.

Tan Chong Meng, Group CEO of PSA International, said, “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. 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 and we look forward to welcoming BDP into the PSA family.”

Jill Raker, a Managing Partner of Greenbriar, added, “BDP’s strategic development and growth has been outstanding during our partnership with the company.

“We were honoured to support BDP and the management team with the company’s first outside investment and could not be more pleased to have the company’s success and capabilities recognized by a world-class strategic owner like PSA.

“We look forward to seeing the continued innovations and customer solutions that BDP and PSA can achieve together.”

In November PSA signed an MoU with the RHT Group of Companies (RHT) to explore co-creation and investment in ESG digital assets solutions to further advance the goals of decarbonisation in ports and supply chains.

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