PSA International Pte Ltd (PSA) has through its fully-owned subsidiary, PSA-BDP Turkey Supply Chain Solutions Pte Ltd, signed an agreement to acquire 75% of the shares of privately-held ALISAN Logistics A.S. (ALISAN).
In its announcement, PSA said ALISAN is a logistics company located in Türkiye and active in fast-moving consumer goods (FMCG), chemicals, automotive industries and agro-business.
It added that upon transaction completion, ALISAN will be grouped under the auspices of PSA’s cargo solutions arm, PSA BDP.
End-to-end contract logistics
"The PSA Group has been actively collaborating with its stakeholders to offer logistics and supply chain solutions beyond the port. We strongly believe in the long-term growth potential of Türkiye and this investment re-affirms our strategic focus on extending PSA's network and capabilities to serve cargo owners," said Tan Chong Meng, PSA's Group CEO.
"Leveraging PSA BDP and ALISAN's combined and complementary strengths, we will offer our partners and customers comprehensive end-to-end contract logistics and transportation service offerings in Türkiye and beyond, to bring us closer to our mission of enabling smoother, more resilient and sustainable trade," he added.
Banu Damla Alisan, vice president on the Board of ALISAN, also welcomed the acquisition saying that it is the company's "biggest step forward" in its 38 years of (family) company history.
"This acquisition is a best fit for both companies and specifically for ALISAN as it means the accomplishment of our future growth strategy," Alisan said, adding that it is a "new chapter" enabling us to move forward and progress our services and operations on a much wider global scale and strength for our customers.
"We have been a globally known brand of Türkiye and now we embrace the next step towards becoming a global player with the experience, knowledge and presence of PSA with us," Alisan further said, as she thanked all who have helped the company since 1985.
Headquartered in Istanbul, ALISAN is a family-owned Turkish logistics service provider where the owners play an active role in the day-to-day operations.
It has more than 1,600 employees and 39 warehousing sites located in the vicinity of chemical producers, ALISAN's scope of services includes (but is not limited to) international and domestic packed distribution, bulk liquid & dry bulk distribution, warehouse operations and value-added services (VAS).
Benefit from strong Türkiye presence
"With this investment, PSA will benefit from ALISAN's strong presence in Türkiye with its local expertise in contract logistics and domestic distribution; while ALISAN can leverage PSA's network of deepsea, rail and inland terminals worldwide, affiliated businesses in distriparks, warehouses, logistics and marine services, as well as global expertise in end-to-end supply chain services," PSA said in the announcement.
PSA noted that the transaction is subject to formal approvals by the relevant authorities and other customary closing conditions.
