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BDP forms joint venture with Sweden’s Polar Logistics AB
BDP International (BDP), a leading, privately owned global logistics and transportation solutions company, has taken a majority equity position in Sweden’s Polar Logistics AB, a member of its global network. Based in Stockholm, the resulting joint venture will operate as BDP International Sweden under its current management team led by Slava Caisin.
“Given the strength of the Scandinavian economies, particularly export-oriented Sweden, it was imperative to reinforce our presence in the region,” said BDP Chief Venture Officer H. Timothy Bolte. “Sweden’s GDP, Scandinavia’s largest, continues to outpace forecasts, growing twice as fast as predicted through the first quarter of this year. In addition, we have had an excellent relationship with Polar Logistics AB, which provides efficient, tailored services and shares our customer-intimate business culture.”
In addition to Sweden, BDP has Global Network affiliates in Denmark, Norway and Finland, providing global air and ocean freight forwarding, import/export customs clearance, inland haulage and door delivery, project logistics and transit services, as well as warehousing and distribution, assembly and packaging, logistics process analysis and administration, on-line information tools and systems applications, and global supply chain management.
Polar Logistics AB Director and General Manager Caisin said, “We’re extremely excited about this new venture, which will have us working even more closely with BDP, an exceptionally strong brand in global logistics. It not only expands our global footprint, but gives our customers access to a wide range of services, solutions and the BDPSmart® suite of advanced logistics information visibility applications. Like BDP, we too are a customer-centric organization dedicated to operational excellence, driving costs out of supply chains, and strong customer relationships.”
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