PSA AND P&O INVEST IN TRACKING SOFTWARE COMPANY
PSA Corp., the Singaporean port group, and British port operator P&O Ports Ltd. have acquired a stake in P-Serv Technologies Pte Ltd., a track and trace technology company.
P-Serv Technologies provides track and trace services for the logistics industry, with special focus on the sea and land sectors.
PSA said that the deal is “a major collaboration for two of the world’s largest port operators.” This will enable both to share information and provide real-time, door-to-door visibility for sea and land cargo, the company said.
P-Serv Technologies provides its services under the trademark “eLogicity.” Its internet-based supply chain execution system enables users to track their goods, in real-time, at every step of the supply chain.
Under an agreement signed by the three parties, P-Serv Technologies will provide the infrastructure and project management to implement track and trace services. PSA and P&O will market the eLogicity service to their customers through their respective ports and logistics businesses.
The PSA group operates the port of Singapore and 10 ports outside Singapore. P&O Ports, a subsidiary of the P&O group, operates over 25 container terminals in 16 countries and has other cargo handling interests in a further 30 ports.
