Muscat: The Asyad Group, recognized as Oman's pioneering provider of end-to-end global logistics, has successfully completed the acquisition of Skybridge Freight Solutions (SFS), a distinguished global freight forwarding company. This significant acquisition represents the group's inaugural move into international core logistics activities, signifying a strategic shift towards a more extensive global presence. The acquisition positions Asyad to expand its operations into key trade hubs and major economies such as China, India, the United States, and the Gulf Cooperation Council (GCC), bolstered by uninterrupted access to SFS's robust, dynamic network that spans over 90 countries across six continents.
Now under the ownership of the Asyad Group, Skybridge Freight Solutions is recognized as a premier provider of freight solutions, offering comprehensive services across air, sea, and land transportation, as well as warehousing and distribution. This dynamic firm, known for its rapid growth, boasts a strong financial base and serves a broad spectrum of industries, including food, energy, automotive, pharmaceuticals, and construction, catering to over 1,400 clients, including Fortune 500 corporations, through its established relationships with global freight forwarding networks, regulatory bodies, maritime carriers, and airlines. These networks not only provide a competitive advantage but also facilitate opportunities for expansion.
Through this acquisition, the Asyad Group is set to enhance its competitiveness in the international arena by broadening its capabilities in multimodal logistics services to cater to the changing needs of customers. The impact of this transaction is extensive, extending throughout the logistics ecosystem, with advancements in freight forwarding leading to improvements in supply chain management, e-commerce, port operations, and container freight services.
Furthermore, the acquisition will enable the Asyad Group to establish active operations in key cargo origin economies, thereby reinforcing its role as the preferred logistics partner for international enterprises in seeking comprehensive GCC logistics solutions under one unified entity. This strategy positions Asyad to differentiate itself by leveraging its advanced capabilities and the unique benefits that Oman provides.
The acquisition of Skybridge Freight Solutions is poised to significantly enhance Oman's connectivity with crucial global trade routes. By forging new and strengthening existing partnerships with major global markets, all stakeholders in the logistics industry are expected to benefit from increased access to multimodal services, thereby unlocking greater trade opportunities and achieving higher volumes.
Through these strategic steps, the Asyad Group is intent on reshaping the global trade landscape. The acquisition of SFS represents a pivotal moment for the group, highlighting its innovative logistics model that has consistently set new benchmarks and trends within the industry. This acquisition is a crucial step towards the group's ambition of diversifying its portfolio and upholding its commitment to customers by expanding global service reach.
The integration of SFS's capabilities and market access within Asyad's portfolio is poised to consistently propel its flagship brand into premier global markets, thereby creating new pathways for significant expansion and securing Asyad's status as a dependable international logistics powerhouse. With SFS now seamlessly integrated into Asyad Group, the conglomerate's unified logistics provider is poised to embark on an ambitious trajectory for global expansion, focusing on generating enduring financial returns and offering an array of competitive logistics solutions to trade communities worldwide.
Customers of both SFS and Asyad will be at the forefront of the benefits arising from this consolidation, experiencing enhanced reach and service excellence, particularly in the delivery of multimodal freight forwarding solutions. Asyad aims to bolster its presence in the GCC markets, offering its clients stronger connections to key cargo origin markets, facilitated by SFS's extensive network of associate offices spanning major trade locations globally, from the eastern shores of China and India to the western reaches of the United States and Europe.
The annual growth trajectory of Asyad Group demonstrates a robust commercial ethos, rooted in operational excellence and agile strategic decision-making. In the forthcoming year, 2023, the group reported unprecedented milestones with a 21% compound annual growth rate in revenue and an astounding 73% compound annual growth rate in profits, marking them as the record high values in the group's history. The strategic acquisition is poised to bolster Asyad's consistent streak of double-digit annual growth, by unveiling new avenues and resources that are poised to ensure continued success and leadership in the market.
