• Photo: PSA


Artikel Nummer: 45354

PSA forms strategic partnership with ITL

Through its subsidiary PSA Cargo Solutions Vietnam Investments, PSA International has acquired a strategic minority stake in Sotrans Group (STG) from Indo-Trans Logistics (ITL). The Vietnam-based logistics provider STG was established in 1975 and has local expertise in logistics, ports, barging, and project cargo.


The venture in Vietnam strengthens PSA’s network in the region and expands its node-to-network strategy in Southeast Asia, with Vietnam being one of its key markets, the company said.


With the investment in STG, PSA is also forming a strategic partnership with ITL. This collaboration enables both companies to leverage synergies and orchestrate resilient and sustainable supply chain solutions, the partners explained. (ben)




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