Latest news from Heavy Lift & Project Forwarding International Magazine

SDV invests in FAST Overseas Group and FAST France

January 26 - After several years of cooperation, SDV International Logistics has taken a minority interest in the FAST Overseas Group, which has a presence in Lebanon, Syria, Jordan and Italy.

FAST Mondial & Marine, the Lebanese entity of the Group, has revenues of USD30 million and 90 employees. Combined with its subsidiary companies in Jordan and Syria, the FAST Overseas Group significantly increasesSDV's presence in the Middle East.

In conjunction with this, SDV has also taken a majority stake in the company FAST France. FAST France, with revenues of EUR12 million (USD15.7 miilion), 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 percent of FAST Italy which has revenues of EUR3 million (USD3.9 million) 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: "Through 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." 

www.fast-lb.com 

www.sdv.com

Heavy Lift | News

Roll Group opens in Asia thumbnail image

Roll Group opens in Asia

August 23 - Roll Group has strengthened its presence in the Asia Pacific (APAC) market by opening offices in Singapore, Malaysia, Indonesia, Thailand and South Korea.
Views: 535
Peel Ports prepares for Brexit thumbnail image

Peel Ports prepares for Brexit

August 23 - The UK’s Peel Ports Group has been accredited as an authorised economic operator (AEO) at all of its principal ports.
Views: 330

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.