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PSA extends supply chain push acquiring BDP International

Photo: PSA 2 - PSA Pasir Panjang Terminal.jpg
Terminal operator PSA International is continuing its push into the wider supply chain acquiring US-headquartered logistics solutions provider BDP International.

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.

“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.”

Greenbriar acquired BDP in December 2018. Jill Raker, a Managing Partner of Greenbriar, said, “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.”

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