{"id":79879,"date":"2024-07-23T00:00:00","date_gmt":"2024-07-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/23\/omans-asyad-acquires-skybridge-freight-solutions-in-global-expansion\/"},"modified":"2024-07-23T00:00:00","modified_gmt":"2024-07-23T00:00:00","slug":"omans-asyad-acquires-skybridge-freight-solutions-in-global-expansion","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/23\/omans-asyad-acquires-skybridge-freight-solutions-in-global-expansion\/","title":{"rendered":"Oman\u2019s Asyad acquires Skybridge Freight Solutions in global expansion"},"content":{"rendered":"

<\/strong>Oman\u2019s Asyad Group has acquired UAE-based freight forwarding firm Skybridge Freight <\/strong>Solutions (SFS)<\/strong> in a bid to expand its global reach<\/strong>, according to a press release<\/a>. The group\u2019s first international acquisition will broaden Asyad\u2019s logistics activities in key cargo origin markets including China, India, Europe, the GCC, and the US. The financial details of the transaction have not been disclosed.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Why is this important? <\/strong>The acquisition will enhance Asyad\u2019s freight forwarding capabilities, leading to advances in supply chain, ports, and container lines, the statement said. Asyad will leverage SFS\u2019 wide network to position itself as a hub for international enterprises seeking comprehensive GCC logistics solutions via Oman\u2019s strategic location.<\/p>\n

What SFS offers: <\/strong>The company offers freight forwarding services across air, sea and land and warehousing and distribution services to diverse industries including food, energy, automotive, pharms and construction, the statement notes. The acquisition will help strengthen Asyad\u2019s connectivity to global trade routes via unrestricted multimodal freight solutions and streamlined trade operations, resulting in growth and an expanded global footprint.<\/p>\n

Asyad is already on a growth streak: <\/strong>Asyad Group reported a 21% compound y-o-y growth in revenues and a 73% compound y-o-y increase in net income in 2023, according to the statement. <\/p>\n","protected":false},"excerpt":{"rendered":"

This is the first international acquisition by Asyad Group<\/p>\n","protected":false},"author":1,"featured_media":79880,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[941],"tags":[352,137,142,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-79879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-asyad","tag-ma-watch","tag-oman","tag-uae","wpautop","entry"],"acf":{"mongo_id":"3035b1a7-c77f-4afa-9484-ea7192464917","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/1822.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Oman\u2019s Asyad acquires Skybridge Freight Solutions in global expansion","related_issue":[79874],"teaser":"This is the first international acquisition by Asyad Group","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.f1a5def3-82cc-4ea6-8822-d0f5b4c4c467.mp3"},"yoast_head":"\nOman\u2019s Asyad acquires Skybridge Freight Solutions in global expansion - 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