PSA Baltics to acquire a 85% stake in Loconi International from ATC Cargo.

PSA Baltics, a subsidiary of PSA International, agreed to acquire a 85% stake in Loconi International, a transportation services company, from ATC Cargo, a logistics company that offers maritime transportation, air freight, and storage services. Financial terms were not disclosed. "As we welcome Loconi into the PSA family, we are excited about the potential for positive impact this acquisition will bring to our joint operations as well as the wider logistics industry in Poland, Eastern and Central Europe. Loconi will play an important part in our Nodeto-Network strategy in going beyond terminal services and growing our role as a port ecosystem player, through the development of port adjacent services, such as intermodal connectivity and digitalisation. This move underscores our commitment to innovation and superior customer service, paving the way for a more interconnected and efficient port and supply chain network in the region,” Vincent Ng, PSA Europe & Mediterranean and PSA Middle East South Asia Regional CEO.