USA-based PSA BDP has acquired a majority stake in ED Forwarding, a Mexico-based logistics services provider.
The two companies have a long-standing relationship, with ED Forwarding acting as a partner agent within PSA BDP’s global network for more than a decade.
“Our investment in ED Forwarding represents a natural evolution of our longstanding partnership and an exciting opportunity for growth,” said Hector Gonzalez, deputy ceo, PSA BDP. “The synergies between our companies create tremendous opportunities for innovation, growth, and enhanced customer experience.”
Following this move, PSA BDP said it would enhance its position in Mexico and will have the ability to better serve customers with an increased offering of supply chain solutions, chiefly those involving cross-border logistics and Custom brokerage activities.
PSA BDP cites the geographical advantages of having a base in Mexico – with its access to both the Atlantic and Pacific oceans whilst serving as a bridge between North and South America – alongside a continuing trend of shippers nearshoring from Asia to Mexico, as driving factors behind the decision.
The transaction is subject to formal approval by the relevant authorities and other customary closing conditions.
In August 2024, PSA BDP launched a carbon dashboard data service which allows shippers to measure freight carbon emissions.
