Ceva logistics plans on expanding in Africa, and has now completed acquisition of Spedag Interfreight and would look to grow their company through that
As a part of its strategic growth plan, CEVA Logistics today announced that it had completed the acquisition of Spedag Interfreight, a company with extensive experience in international freight forwarding that serves numerous East African nations. The announcement made today follows the completion of all normal closing requirements, including gaining regulatory approvals from the necessary authorities. The family-owned transport and logistics business M+R Spedag Group, with its headquarters in Switzerland, sold the logistics division to CEVA. With specialised industry teams that have top knowledge in pertinent market verticals like energy and infrastructure, aid and relief, oil and gas, and commodities, Spedag Interfreight is one of the most capable and dependable logistics providers in East Africa. As a result of the transaction’s completion, some 400 workers at 24 locations in Kenya, Uganda, Tanzania, Rwanda, and South Sudan have joined CEVA.
Global supply chain solutions are offered by CEVA Logistics, a global leader in third-party logistics, to link people, goods, and suppliers everywhere in the globe. With its main office in Marseille, France,
By integrating Spedag Interfreight’s knowledge of the local market with CEVA’s dominant worldwide network, CEVA Logistics is continuing to adhere to the “think global, act local” growth approach. The acquisition strengthens CEVA’s ability to provide end-to-end global logistics services. Currently, 44 African nations host CEVA Logistics. By 2025, the firm hopes that a sizable portion of its sales will come from the African market, and Spedag Interfreight will create new pathways for East Africa’s future growth. For instance, Kenya serves as a significant maritime entry point for East Africa. The Mombasa port is projected to carry more than 1.7 million TEUs in 2023 thanks to a recent expansion and renovation project. In accordance with the goals of the CMA CGM Group, CEVA continues to carry out its strategic growth plan. Through the acquisitions of Colis Privé, France’s top private last mile supplier, and Ingram Micro’s former Commerce & Lifecycle Services company, CEVA hired more than 20,000 additional people with the help of the Group. Additionally, the CMA CGM Group disclosed in April that it had signed a contract to acquire almost all of the stock in GEFCO, the European leader in automotive logistics and a world authority on multimodal supply chain solutions. In anticipation of final approval, the European Commission gave the Group permission to immediately purchase the capital of GEFCO.
With the acquisition of Spedag Interfreight, CEVA Logistics are taking their company to the next level
In addition to making a great acquisition, CEVA Logistics made sure to seize the moment they saw it. They have observed the expansion and the possibility for further growth of the business. If this acquisition and expansion will be successful for CEVA Logistics, only time will tell.