CEVA Logistics
| Company type | Subsidiary |
|---|---|
| Industry | Logistics and supply chain services |
| Predecessor | TNT Logistics, EGL Eagle Global Logistics |
| Founded | 2007 |
| Fate | Acquired by CMA CGM in 2019 |
| Headquarters | Marseille , France |
Area served | Worldwide (160 countries) |
| Products | Freight management, contract logistics |
| Owner | CMA CGM group |
Number of employees | 98,000 (2021) |
CEVA Logistics operates as an international logistics and supply chain enterprise, focusing on freight management and contract logistics services. After its acquisition by the CMA CGM group in 2019, CEVA expanded its reach through the purchase of entities such as Ingram Micro Commerce & Lifecycle Services and GEFCO.
History
Established in 2007 through the consolidation of TNT Logistics and EGL Eagle Global Logistics, CEVA Logistics emerged as the fourth-largest global third-party logistics (3PL) provider. The company underwent notable strategic shifts prior to its 2018 initial public offering on the SIX Swiss Exchange. Its market share in Italy was bolstered by acquiring Spedimacc, securing a 20% stake in that region.
By 2016, CEVA ranked fourth among 3PL providers in China, generating gross revenues of US$1.2 billion and holding a 1% share within a US$166.7 billion market.
In March 2019, the French maritime conglomerate CMA CGM completed the acquisition of CEVA to strengthen its logistics portfolio, relocating CEVA’s headquarters from Switzerland to Marseille. Following this, CEVA enhanced its presence with acquisitions such as AMI Worldwide in Africa (2020), thereby increasing access to markets in India, the Middle East, and China.
By 2021, CEVA had established operations across 160 countries with a workforce of 98,000 employees distributed over six regions. In 2022, it concluded acquisitions including Ingram Micro Commerce & Lifecycle Services (CLS), Colis Privé, GEFCO, and Spedag Interfreight, significantly extending its global operations.
Additionally, in 2022 CEVA was appointed as the official logistics provider for Ferrari, overseeing logistics for Scuderia Ferrari’s Grand Prix events, GT racing series, and Ferrari Challenge competitions.