Dubai: Toll Group, the Asian region's leading provider of integrated logistics, yesterday announced the acquisition of Logistic Distribution Systems (LDS), one of the leading private international freight forwarding companies in the United Arab Emirates.
LDS is headquartered in Dubai, and provides an integrated international sea and air freight forwarding service to its customers through its extensive operational platform in Dubai and the Jebel Ali Free Zone.
LDS also provides transport and logistics services to its freight forwarding customers in the UAE.
Strong volumes
LDS serves the import, export and trans-shipment requirements of retail, trading, industrial and infrastructure customers throughout the UAE, with strong volumes in the key European and Asian trade lanes.
"The Middle East and in particular the UAE is a key strategic market for Toll Global Forwarding (TGF). The acquisition of LDS enhances our existing operations in the Middle East and is consistent with our growth strategy," said Toll Group's Managing Director, Paul Little.
"The capability and pos-itioning of LDS as a quality freight forwarder in the trade lanes between Dubai and Europe/Asia Pacific is attractive to Toll and when combined with our existing operations helps to secure a global trans-shipment hub for freight movements between Europe and Asia for TGF."
"Into the future, LDS will also provide TGF with a platform for strong growth in the broader UAE and Middle East region."
LDS currently generates revenues of approximately A$50 million (Dh168.26 million), with 60 per cent of the revenues generated by air and sea freight forwarding.
