Latest news with #CEVA
African Manager
28-06-2025
- Business
- African Manager
CEVA Logistics renews contract with Safran for aerospace parts transport between France, Tunisia and Morocco
During the 55th edition of the International Paris Air Show, CEVA Logistics, a global leader in third-party logistics, signed a renewed contract last week with Safran, the world's second-largest aerospace equipment manufacturer. The agreement extends transportation services for three more years between Morocco and France, as well as Tunisia and France. CEVA Logistics has been providing transport and logistics services to Safran for many years and will continue to do so under this renewed three-year contract. Under the terms of the agreement, CEVA will collect aerospace components from Safran's sites in Morocco and Tunisia and manage their daily transport to France. Incoming shipments from France will also supply Safran's sites in both North African countries. To manage the full logistics flow from Morocco and Tunisia to Safran's industrial sites and partners in France, CEVA uses a multimodal transport solution combining road freight and RoRo (roll-on/roll-off) maritime transport. Once in France, the shipments pass through CEVA's cross-dock facilities in Toulouse and Vitrolles, before being delivered to their final destinations across the country. The same logistics approach is used for outbound shipments departing from France. Each year, CEVA handles over 1,500 shipments, delivering more than 100,000 parcels of aerospace parts and subassemblies. The entire process operates under a strict delivery schedule, with transshipment platforms receiving goods just a few days after pickup. The CEVA-Safran partnership is built on a long-standing global collaboration spanning several decades. Over the years, it has evolved to include both inbound logistics services—such as sourcing and transporting parts from suppliers—and outbound logistics services, including delivering subassemblies to Safran's clients. Cyrille Roux, Global Head of Aerospace & Defense at CEVA Logistics, stated: 'We have enjoyed a close partnership with Safran for over 20 years and are honored by the trust they continue to place in us. With a focus on operational excellence and customer satisfaction, we are committed to delivering tailor-made solutions to meet the challenges faced by this global aerospace leader.'
Asharq Al-Awsat
27-04-2025
- Business
- Asharq Al-Awsat
French CMA CGM to Acquire Turkish Borusan's Logistics Subsidiary in $440 mln Deal
French shipping giant CMA CGM's subsidiary CEVA Corporate Services has signed a deal to acquire Turkish conglomerate Borusan's logistics arm, Borusan Tedarik Zinciri Cozumleri ve Teknoloji, for $440 million, according to a filing by the Turkish company. Borusan Yatirim said in the exchange filing that the price was subject to ordinary net cash and working capital adjustments, adding that the deal was subject to approval from competition authorities and other relevant regulatory bodies. Borusan Tedarik operates the largest port in Türkiye's manufacturing hub of Gemlik, with an annual capacity to handle 1,500 ships and around 400,000 twenty-foot containers (TEU), a standard measure for shipping containers. CMA CGM is the world's third-largest container line, Reuters reported. Headquartered in Marseille, France, CEVA offers a broad range of end-to-end contract logistics and air, ocean, ground and finished vehicle transport in 170 countries worldwide thanks to its approximately 110,000 employees at more than 1,500 facilities. CEVA said its planned acquisition of Borusan Tedarik, would nearly double its warehousing and distribution footprint in Türkiye, adding around 570,000 square metres to its existing 620,000 square metres of space. The deal would also boost its domestic ground transport operations, with the combined activities expected to handle nearly 1 million domestic shipments annually, CEVA said in a statement on its website. Borusan Tedarik's network is set to strengthen CEVA's connections with Europe, the company added. CEVA said Borusan Tedarik's strong ties in the automotive sector would help lift its finished vehicle logistics (FVL) operations into a top-three position domestically. The acquisition is also expected to expand CEVA's ocean freight capacity by 25% and place its air freight operations among the top five in Türkiye.
Reuters
27-04-2025
- Business
- Reuters
French CMA CGM to acquire Turkish Borusan's logistics subsidiary in $440 million deal
April 27 (Reuters) - French shipping giant CMA CGM's subsidiary CEVA Corporate Services has signed a deal to acquire Turkish conglomerate Borusan's ( opens new tab logistics arm, Borusan Tedarik Zinciri Cozumleri ve Teknoloji, for $440 million, according to a filing by the Turkish company. Borusan Yatirim said in the exchange filing that the price was subject to ordinary net cash and working capital adjustments, adding that the deal was subject to approval from competition authorities and other relevant regulatory bodies. Borusan Tedarik operates the largest port in Turkey's manufacturing hub of Gemlik, with an annual capacity to handle 1,500 ships and around 400,000 twenty-foot containers (TEU), a standard measure for shipping containers. CMA CGM is the world's third-largest container line. Headquartered in Marseille, France, CEVA offers a broad range of end-to-end contract logistics and air, ocean, ground and finished vehicle transport in 170 countries worldwide thanks to its approximately 110,000 employees at more than 1,500 facilities. CEVA said its planned acquisition of Borusan Tedarik, would nearly double its warehousing and distribution footprint in Turkey, adding around 570,000 square metres to its existing 620,000 square metres of space. The deal would also boost its domestic ground transport operations, with the combined activities expected to handle nearly 1 million domestic shipments annually, CEVA said in a statement on its website. Borusan Tedarik's network is set to strengthen CEVA's connections with Europe, the company added. CEVA said Borusan Tedarik's strong ties in the automotive sector would help lift its finished vehicle logistics (FVL) operations into a top-three position domestically. The acquisition is also expected to expand CEVA's ocean freight capacity by 25% and place its air freight operations among the top five in Turkey.
Yahoo
27-04-2025
- Business
- Yahoo
French CMA CGM to acquire Turkish Borusan's logistics subsidiary in $440 million deal
(Reuters) - French shipping giant CMA CGM's subsidiary CEVA Corporate Services has signed a deal to acquire Turkish conglomerate Borusan's logistics arm, Borusan Tedarik Zinciri Cozumleri ve Teknoloji, for $440 million, according to a filing by the Turkish company. Borusan Yatirim said in the exchange filing that the price was subject to ordinary net cash and working capital adjustments, adding that the deal was subject to approval from competition authorities and other relevant regulatory bodies. Borusan Tedarik operates the largest port in Turkey's manufacturing hub of Gemlik, with an annual capacity to handle 1,500 ships and around 400,000 twenty-foot containers (TEU), a standard measure for shipping containers. CMA CGM is the world's third-largest container line. Headquartered in Marseille, France, CEVA offers a broad range of end-to-end contract logistics and air, ocean, ground and finished vehicle transport in 170 countries worldwide thanks to its approximately 110,000 employees at more than 1,500 facilities. CEVA said its planned acquisition of Borusan Tedarik, would nearly double its warehousing and distribution footprint in Turkey, adding around 570,000 square metres to its existing 620,000 square metres of space. The deal would also boost its domestic ground transport operations, with the combined activities expected to handle nearly 1 million domestic shipments annually, CEVA said in a statement on its website. Borusan Tedarik's network is set to strengthen CEVA's connections with Europe, the company added. CEVA said Borusan Tedarik's strong ties in the automotive sector would help lift its finished vehicle logistics (FVL) operations into a top-three position domestically. The acquisition is also expected to expand CEVA's ocean freight capacity by 25% and place its air freight operations among the top five in Turkey. Sign in to access your portfolio
