PSA BDP has announced the acquisition of a majority stake in ED Forwarding, a Mexico-based logistics solutions provider.

With this acquisition, PSA BDP said it is strengthening its foothold in Mexico and enhancing its ability to better serve customers with an expanded suite of supply chain solutions, particularly in cross-border logistics and customs brokerage activities.

PSA BDP noted that Mexico serves as a bridge between North and South America, making it a key hub for cross-border trade, and access to both the Atlantic and Pacific Oceans enables vital proximity for international shipping routes.

Nearshoring from Asia to Mexico

"With many shippers continuing the trend of nearshoring from Asia to Mexico, there is a growing need for expanded distribution networks that can provide comprehensive solutions. Headquartered in Mexico City, ED Forwarding is well-established in the region, serving a variety of customers across multiple industry verticals," the announcement said.

PSA BDP said its customers will gain access to PSA’s global terminal network, PSA BDP’s supply chain expertise, and affiliated marine and digital services.

"This acquisition marks the next chapter in a longstanding partnership between the two companies, as ED Forwarding has been a partner agent within PSA BDP's global network for over 10 years," the announcement added.

It further noted that by joining forces in a more integrated capacity, PSA BDP and ED Forwarding will leverage their combined expertise, infrastructure, and networks to provide greater value to customers within and beyond the region.

"Our investment in ED Forwarding represents a natural evolution of our longstanding partnership and an exciting opportunity for growth; I could not be more pleased to firm up this agreement," Hector Gonzalez, deputy CEO, PSA BDP, said.

"The synergies between our companies create tremendous opportunities for innovation, growth, and enhanced customer experience," he added.

Jorge Pedroza Paez, managing director, ED Forwarding, noted that the partnership is "well-positioned" to better serve customers in a key market.

PSA BDP said the transaction requires regulatory approval and customary closing conditions. The acquisition cost was not disclosed.