Oman-headquartered logistics provider Asyad Group has acquired Dubai-based multimodal freight forwarder Skybridge Freight Solutions (SFS) to grow the geographical scope of its business.
Established in 2007, SFS offers freight forwarding services across air, sea and land in addition to warehousing and distribution.
The company caters to a diverse array of major industries including food, energy, automotive, pharmaceuticals and construction and currently has more than 1,400 customers.
"The acquisition is the group’s first international acquisition in core logistics activities and marks a strategic move to significantly expand Asyad’s footprint through active operations in key trade hubs and the major economies of China, India, the USA and the GCC, supported by unhindered access to SFS’ well-established, dynamic network that covers over 90 geographies across six continents," said Asyad Group in a press release.
The Group added: "Asyad will equip players in GCC markets with stronger connectivity to major cargo origin markets through SFS’ network of associate offices that covers key trade location around the world from China and India in the east to the United States and Europe in the west."
