Singapore-based port operator and supply chain company, PSA International, signed an agreement to acquire a 75-percent equity stake in the Turkish logistics operator, Alışan Logistics.
PSA Group CEO Tan Chong Meng voiced his support for the recent investment in Türkiye, saying, “We strongly believe in Türkiye's longterm growth potential, and this investment reaffirms our strategic focus on extending PSA's network and capabilities to serve cargo owners."
Meng went on to say, “We will offer our partners and customers comprehensive end-to-end contract logistics and transportation services in Türkiye and beyond, leveraging PSA and Alışan's combined and complementary strengths, and bringing us closer to our mission of enabling smoother, more resilient, and sustainable trade."
With this investment, PSA plans to incorporate Alışan's strong foothold in Türkiye with its local expertise in contract logistics and domestic distribution.
Specialized in fast-moving consumer goods (FMCG), chemicals, automotive, and agrofood industries, Alışan is headquartered in Istanbul with 1,600 employees and 39 warehouses.
Sources: splash247.com, shippingwatch.com, lloydslist.maritimeintelligence.informa.com