PSA International Pte Ltd (PSA) and BDP International, Inc (BDP) have announced the combination of their business units to form a new brand, PSA BDP, reports Port Technology.
According to a recent release, the new brand formed will combine the strengths and capabilities of both companies to offer enhanced service and solution offerings throughout the entire supply chain.
PSA completed the acquisition of BDP in April 2022, following formal approvals from the relevant authorities. Initially announced in December 2021, the ports group signed an agreement to take on 100 per cent of the shares of the logistics solution provider from New York-based private equity firm Greenbriar Equity Group, L.P. (Greenbriar).
PSA BDP will be led by CEO Mike Andaloro, with support from CEO Products Ghim Siew Ho and CEO Enterprise Growth/CFO Vincent Ng. The organisation will have 137 offices worldwide and serve customers in the chemical, retail & consumer, life sciences & pharmaceuticals, and electric vehicle & industrial industries.
New services will include Forward Hubbing, Multimodal Logistics, Terminal Value-Added Services, Contract Logistics, Import/Export Customs Services, Supply Chain Orchestration, Transportation Solutions (all modes), and Trade Management.
“The new brand – PSA BDP – epitomises the combination of capabilities in ports, terminals, rail and asset light solutions, while further expanding the geographic coverage and digital capabilities of the combined enterprise,” said Mike Andaloro, CEO of PSA BDP. “Our customers will be significant beneficiaries through access to an expanded portfolio of products and solutions. The PSA BDP team is energised for the next chapter together as we continue delivering the future of global trade.”
PSA announced that it has handled 90.9 million TEU in 2022, representing a decline of 0.7 per cent from the previous year. PSA Singapore contributed 37 million TEU, and PSA terminals outside of Singapore delivered a total throughput of 53.9 million TEU, both 0.7 per cent lower than 2021.
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Source: Port Technology