SDV invests in Lebanese freight forwarder

After several years of co-operation, SDV International Logistics has taken a minority interest in the FAST Overseas group, present in Lebanon, Syria, Jordan and Italy.

FAST Mondial & Marine, the Lebanese entity of the Group, is a leading freight forwarder in Lebanon with revenues of $30m and 90 employees. Combined with its subsidiary companies in Jordan and Syria, FAST Overseas group significantly increases SDV’s presence in the Middle East.

In conjunction with this, SDV also took a majority stake in the company FAST France. FAST France, with revenues of €12m, is specialised in outbound flows to the Middle East. The company has cooperated with FAST Lebanon for 25 years and is involved in significant volumes to the Persian Gulf.

Finally, SDV has also acquired 100% of FAST Italy (revenues of €3m) which is managed jointly with FAST Overseas and FAST France. Fast Italy also specialises in outbound flows to the Middle East. The company said that the aim of this particular acquisition is to bring FAST Italy closer to its own existing Italian entity, SDV Italy. A company statement said: "By this strategic move, SDV International Logistics reinforces its presence in the Middle East and continues to strengthen its network to meet the needs of its global customers."

Quelle: eyefortransport
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