After several years of cooperation, SDV International Logistics acquired FAST France and FAST Italy, as well as a minority interest in the FAST Overseas Group, which has operating subsidiaries in Lebanon, Syria, Jordan and Italy.
The investment in FAST Overseas Group, which has subsidiaries in Jordan and Syria, has enabled SDV International Logistics to significantly increase its presence in the Middle East and affirms its interest in investing in the Southern Mediterranean. With revenues of US$30 million annually and a staff of 90, FAST Mondial & Marine, the Lebanese entity of the Group, is the top freight forwarder in Lebanon.
In conjunction with this investment, SDV also acquired a majority stake in FAST France. FAST France specializes in outbound flows to Middle Eastern countries. FAST France has cooperated for 25 years with FAST Mondial & Marine – without an associated financial interest – and is involved in shipping significant volumes of cargo to the Persian Gulf. The French division, which has revenues of 12 million euros annually and a staff of 25, will continue to be headed by Marc Anaya.
Finally, with the aim of bringing SDV Italy and FAST Italy closer together, SDV has also acquired a 100 per cent ownership position of FAST Italy (revenues of 3 million euros annually and a staff of 10). Fast Italy also specializes in outbound flows to the Middle East.
Through this strategic move, SDV International Logistics, which currently has more than 525 offices in 90 countries, has strengthened its network, in particular its presence in the Middle East, to meet the needs of its global customers.