Ceva Logistics to acquire logistics provider in Turkey

Eric Kulisch

Sat, Apr 26, 2025, 1:04 PM 2 min read

Ceva Logistics, the world’s fifth-largest logistics work supplier by gross gross and portion of France-based CMA CGM Group, announced Saturday it has agreed to get Turkey-based Borusan Tedarik for $400 cardinal successful currency and debt.

Borusan Tedarik offers declaration logistics, finished conveyance logistics, truckload and less-than-truckload service, arsenic good arsenic aerial and water freight management, and customs brokerage. In summation to Turkey, it besides has operations successful Germany, Bulgaria, Hong Kong and China. Last twelvemonth the institution had gross gross – which differs from nett revenue, which subtracts the outgo of purchasing proscription connected a customer’s behalf – of $567 million.

Ceva Logistics said it is buying the full company, including each the privately held shares and the publically traded ones. The transaction indispensable inactive conscionable closing conditions and regulatory approvals earlier it tin beryllium finalized.

Ceva said Borusan Tedarik, which has astir 4,000 employees, volition fortify its presumption successful Turkey. The acquisition volition astir treble the size of Ceva’s home warehousing and organisation infrastructure to 12.9 cardinal quadrate feet. In addition, the combined crushed transport activities of the companies volition determination astir 1 cardinal loads per year. The woody volition besides elevate Ceva to the precocious echelon of finished vehicle, water and aerial logistics capableness successful Turkey, according to the company.

“We person identified Turkey arsenic 1 of our strategical geographies wherever we expect to turn significantly. Complementing our existing beingness successful Turkey with the reputable experts and operations of Borusan Tedarik would enactment america successful a presumption to connection adjacent greater worth to our combined customers and, arsenic a result, turn faster than the marketplace organically. CEVA is becoming bigger, stronger and smarter, truthful that we tin past turn faster,” said CEO Mathieu Friedberg.

The Borusan Tedarik woody is the latest measurement successful CMA CGM’s maturation strategy done acquisitions. The water shipping elephantine acquired Ceva Logistics successful 2019 and has since integrated ample logistics providers specified arsenic France-based Bolloré Logistics and GEFCO, and Ingram Micro’s commerce and manner services business. Ceva has besides made galore tuck-in acquisitions, including the 2023 acquisition of last-mile transportation institution Colis Privé Group, and initiated associated ventures to accelerate its maturation successful cardinal geographies oregon marketplace sectors. CMA CGM besides launched its ain cargo hose 3 years ago. 

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Write to Eric Kulisch astatine [email protected].