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THE Singapore-based port group PSA International has signed an agreement to acquire 100% of the shares of privately-held BDP International, a provider of global integrated supply chain, transportation and logistics solutions.

Headquartered in Philadelphia, USA, BDP manages 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 highly complex supply chains.

PSA has been actively collaborating with its customers and partners to offer logistics and supply chain solutions beyond the port. With this investment, PSA will benefit from BDP’s global expertise while BDP can leverage PSA’s network of more than 60 deepsea, rail and inland terminals worldwide.

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.

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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. Its strengths will complement and extend PSA’s capabilities to provide agile, resilient and innovative cargo solutions.

“We see this as a significant and strategic step forward in our vision to co-create an internet of logistics.”

Mike Andaloro, CEO and president of BDP said, “With the extensive capabilities of PSA and their significant market presence worldwide, we will undertake a new chapter of growth with incredible opportunities to optimise global supply chain activities for our customers”.

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

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