News / PSA snaps-up US forwarder BDP in its quest for an 'internet of logistics'

Global port operator PSA has snapped-up US freight forwarder BDP International, its first foray into logistics, it announced yesterday.

The Singapore-based terminal operator is to acquire all BDP’s shares from Greenbriar Equity Group for an undisclosed sum.

The private equity firm invested in Philadelphia-based BDP in December 2018, and was rumoured to be shopping around for a buyer as early as March of this year, according to Loadstar Premium, which estimated the sale price at around $1.5bn.

BDP specialises in chemicals, industrial, healthcare, consumer ...