CEVA expands in Africa with latest acquistion

CEVA Logistics (France) is expanding its presence in Africa through the purchase of forwarder Spedag Interfreight. Spedag has offices in several countries in east Africa and specialises in energy and infrastructure, aid and relief, oil and gas, and commodities. The company employs around 400 people in 24 locations in Kenya, Uganda, Tanzania, Rwanda and South Sudan. CEVA, which is owned by container shipping giant CMA CGM, said that the purchase is part of efforts to make the African market account for a significant share of its revenues by 2025. The company’s chief executive, Mathieu Friedberg, said: “With the addition of Spedag Interfreight in East Africa, we are continuing to execute key regional initiatives in our strategic growth plan." CEVA purchased the logistics entity from the M+R Spedag Group, a family-owned transport and logistics company headquartered in Switzerland. The acquisition announcement comes after finalising all customary closing conditions, including receiving regulatory approvals by relevant authorities. The deal is the latest in a series of acquisitions this year made through parent CMA CGM. The group has also purchased Ingram Micro’s former Commerce & Lifecycle Services business and Colis Privé, a France-based last-mile provider.

1 view

Recent Posts

See All

NX China, a Chinese subsidiary of NIPPON EXPRESS Holdings, was selected as one of the "Top 50 Logistics Companies in China in 2022" at the National Modern Logistics Science and Technology Innovation C

The August 2022 international airfreight forwarder rankings reveal that Nippon Express was No. 1 with 18,665 tons (-9.1% y/y), Kintetsu Express No. 2 with 14,464 tons (+3.2% y/y), Yusen Logistics No.

Hapag-Lloyd (Germany) will acquire a 49% stake in Italian logistics giant Spinelli Group. The family of owners of Spinelli will continue to hold a 51% majority stake. The amount of the acquisition is