The acquisition further supports CEVA’s global end-to-end logistics capabilities. CEVA Logistics is now present in 44 countries in Africa.
Spedag Interfreight is a logistics provider in East Africa with expertise in relevant verticals market including energy and infrastructure, aid and relief, oil and gas, and commodities. It has approximately 400 employees at 24 locations in Kenya, Uganda, Tanzania, Rwanda, and South Sudan.
The CEVA Logistics ambition is to make the African market account for a significant share of its revenue by 2025. CEVA continues to implement its “think global, act local” strategic growth plan under the vision of the CMA CGM Group.
In addition, the CMA CGM Group announced in April that it had signed an agreement to purchase nearly 100% of the capital of GEFCO, the European leader in automotive logistics and an international expert in multimodal supply chain solutions. The European Commission authorized the Group to acquire the capital of GEFCO immediately, pending the final approval.
Mathieu Friedberg, chief executive officer, CEVA Logistics, says “With the addition of Spedag Interfreight in East Africa, we are continuing to execute key regional initiatives in our strategic growth plan. This acquisition is the perfect follow-on to our organic growth and M&A activity in Africa over the past two years, as well as the recent acquisitions of Ingram Micro CLS and Colis Privé. Our global scale allows us to offer a wide range of responsive logistics solutions thanks to our experienced local teams.”
Source: CEVA Logistics