Construction Mirror Article detail

Asyad Group, Oman’s pioneering end-to-end global logistics provider, has made a significant move by acquiring Skybridge Freight Solutions (SFS), a leading global freight forwarding company. This landmark acquisition, Asyad’s first international acquisition in core logistics activities, is set to expand its footprint significantly across key trade hubs and major economies, including India, China, the USA, and the GCC. This strategic move is supported by SFS’s well-established and dynamic network that spans over 90 geographies across six continents.

SFS is renowned for its comprehensive freight forwarding services, including air, sea, and land logistics, along with warehousing and distribution. The company serves over 1,400 customers, including Fortune 500 and blue-chip companies, and operates in major industries such as food, energy, automotive, pharmaceuticals, and construction. With strong financial stability and longstanding relationships with global freight forwarding networks, government bodies, shipping lines, and airlines, SFS has carved out a substantial competitive edge in the logistics industry.

The acquisition of SFS aims to bolster Asyad’s competitiveness in the global marketplace by enhancing its end-to-end capabilities in multimodal logistics services. This move is expected to bring far-reaching impacts across the entire logistics ecosystem, improving freight forwarding capabilities, supply chain management, e-commerce, and port and container line operations. Asyad will now have active operations in key cargo origin economies, reinforcing its position as the partner of choice for international enterprises seeking comprehensive GCC logistics solutions.

Asyad Group’s presence in India will be significantly enhanced through this acquisition. Leveraging SFS’s network of associates and capabilities, the company aims to offer advanced logistics solutions tailored to the Indian market. The integration will enable stronger connectivity to major cargo origin markets and provide Indian businesses with access to improved multimodal freight forwarding services, supply chain solutions, and e-commerce logistics. This strategic expansion underscores its commitment to serving the dynamic and growing logistics needs of India.

Asyad Group’s year-over-year growth reflects its robust commercial mindset built around operational excellence and dynamic decision-making. In 2023, the group reported a 21% compound annual growth rate in revenue and a 73% compound annual growth rate in profits, achieving record numbers in its history. The acquisition of SFS is expected to support Asyad’s ongoing streak of double-digit growth, providing new opportunities and resources to ensure sustained success and market leadership.