News / PSA completes Penn Terminals takeover as it looks to boost perishables business

Singapore box terminal operator PSA has formally entered the US market after completing its purchase of Philadelphia multipurpose operator Penn Terminals from Australian investment fund Macquarie Infrastructure and Real Assets (MIRA).

Completion of the deal followed a decision by US regulators to allow the takeover.

“This acquisition represents PSA’s very first foray into the USA. We are delighted to embrace Penn as the newest member of the global PSA family and to be able to participate in its continued growth and expansion,” ...