Singapore-headquartered PSA has agreed to buy BDP for an undisclosed sum from private equity firm Greenbriar Equity Group.BDP is a global logistics solutions provider managing end-to-end movement of shipments for a range of segments such as chemicals, industrial, healthcare, consumer and retail customers. The company has 133 offices worldwide.
With a portfolio of over 60 deepsea port operations, rail and inland facilities worldwide PSA has been looking beyond its traditional role as a terminal operator in recent years to the management of the end-to-end supply chain setting up new businesses Calista and Cargo Solutions. The BDP acquisition sees a further extension of this strategy.
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.