CEVA Logistics

CEVA Logistics is a global logistics and supply chain company in both freight management and contract logistics with US$7 billion in revenues. Its head office is in Baar, Switzerland and it was founded in 2007, as a merger of TNT Logistics and EGL Eagle Global Logistics. In early May 2018 CEVA had over 56,000 employees working in 17 regional clusters operating from 160 countries.[1][2]

CEVA Logistics also announced plans for IPO in April 2018. Credit Suisse and Morgan Stanley 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 on 4 May 2018.[2]

CEVA Logistics was acquired by CMA CGM Group, 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 plant to delist CEVA from the Zurich Stock Exchanges.[3]

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, through which it aims to become a leading, continent-wide market player. [4]

CEVA Logistics
ISINCH0413237394 
IndustryLogistics
PredecessorTNT Logistics, EGL Eagle Global Logistics
Founded2007
HeadquartersMarseille,
France
Number of locations
800 locations
Area served
Worldwide
RevenueUS$ 7,124 (2019)
OwnerCMA CGM
Number of employees
58000
Websitewww.cevalogistics.com/

References
  1. Scott, Chaunda L. (2012), Handbook of Research on Workforce Diversity in a Global Society: Technologies and Concepts: Technologies and Concepts, IGI Global, p. 306, ISBN 978-1-4666-1813-8
  2. "CEVA Logistics AG: CEVA celebrates first day of trading on SIX Swiss Exchange - dgap.de". www.dgap.de. Munich, Germany: EQS Group AG. Retrieved 2018-06-14.
  3. "CMA CGM successfully completes its public tender offer to acquire CEVA Logistics and confirms its position as a leading worldwide transport and logistics group".
  4. "CEVA Logistics expands in Africa". Global Cargo News. 15 June 2020. Retrieved 2 July 2020.


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