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: A Premier Freight Solutions Provider
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.
Global Competitiveness
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.
Impact on India’s Logistics Market
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.
Redefining Global Trade Routes
Acquiring SFS is pivotal in bolstering Oman’s connectivity with vital global trade routes. By unlocking new connections and strengthening existing ones with the world’s biggest markets, Asyad aims to redraw the global trade map. This integration will provide logistics players with unrestricted multimodal access and amplified trade opportunities, resulting in higher volumes and improved efficiency.
Future Growth and Market Leadership
The acquisition of SFS marks a significant milestone for the Group, highlighting its integrated logistics model that consistently sets new standards in the industry. By integrating SFS’s capabilities and market access, Asyad plans to achieve exponential growth and cement its position as a reliable global logistics powerhouse. The group’s bullish approach to global expansion is focused on long-term financial returns and offering globally competitive logistics solutions to trade communities worldwide.
Enhanced Service Excellence for Customers
Both Asyad and SFS customers will benefit from this integration through improved reach and heightened service excellence. The combined entity will provide multimodal freight forwarding solutions, equipping players in GCC markets with stronger connectivity to major cargo origin markets through SFS’s extensive network. This enhanced connectivity spans key trade locations from China and India in the east to the United States and Europe in the west.
Sustained Success and Market Leadership
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.
