CEVA Logistics is a global

logistics Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics manages the flow of goods between the point of origin and the point of consumption to meet the requirements of ...

and

supply chain In commerce, a supply chain is a network of facilities that procure raw materials, transform them into intermediate goods and then final products to customers through a distribution system. It refers to the network of organizations, people, acti ...

company in both freight management and contract logistics with US$12 billion in revenues. Its head office is in Marseille, France, and it was founded in 2007, as a merger of TNT Logistics and EGL Eagle Global Logistics. In 2021, CEVA had 98,000 employees working in 6 Regions operating from 160 countries. CEVA Logistics also announced plans for an

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

in April 2018. Credit Suisse and

Morgan Stanley Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...

have already been appointed as bookrunners, with Deutsche Bank, UBS, Berenberg and HSBC working also working on the IPO. CEVA started trading on the

SIX Swiss Exchange SIX Swiss Exchange (formerly SWX Swiss Exchange), based in Zurich, is Switzerland's principal stock exchange (the other being Berne eXchange). SIX Swiss Exchange also trades other security (finance), securities such as Swiss government bonds and d ...

on 4 May 2018. CEVA Logistics was acquired by

CMA CGM Group CMA CGM S.A. is a French container transportation and shipping company. It is the world’s 3rd largest container shipping company, using 257 shipping routes between 420 ports in 160 countries. Its headquarters are in Marseille, France The name ...

, a French container transportation and shipping company. After the takeover, CMA CGM Group held 97.89% of the outstanding shares and voting rights of CEVA upon settlement of the tendered CEVA shares, with plans to delist CEVA from the Zurich Stock Exchanges. In January 2020, Mathieu Friedberg was announced as the CEO of CEVA Logistics. Midway through June 2020, CEVA Logistics is launching a three-part expansion plan for the African market. In January 2022, CEVA became Scuderia Ferrari's official logistics partner, taking over from

UPS UPS or ups may refer to: Companies and organizations * United Parcel Service, an American shipping company ** The UPS Store, UPS subsidiary ** UPS Airlines, UPS subsidiary * Underground Press Syndicate, later ''Alternative Press Syndicate'' or ...

after nine years. In April 2022, CEVA Logistics confirmed the acquisitions of Ingram CLS, Colis Privé and GEFCO, making it one of the world largest 3PLs in both eCommerce and Automotive.

References

Apollo Global Management companies Logistics companies of the Netherlands Logistics companies of France 2019 mergers and acquisitions {{Netherlands-company-stub