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Ceva

  • People moves

    News » Schmidt takes on LCL role at Ceva Logistics

    February 19th 2019 Claus Schmidt (pictured) has been appointed head of less-than-container-load (LCL) product at Ceva Logistics from March 1. The Swiss company has identified the LCL segment as a key area for development within its ocean freight operation and said Schmidt’s extensive experience in the logistics industry made him ideally qualified for the newly-created role. The new position involves taking […]
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  • Mergers and acquisitions

    News » EC approves CMA CGM takeover of Ceva

    February 12th 2019 The European Commission (EC) has approved a plan for French shipping company CMA CGM to acquire logistics provider Ceva of Switzerland. Under an agreement between the two companies, Ceva will take over the freight management business of CMA CGM, its major shareholder, for $105m (€92.9m), with closure expected in the second quarter; while CMA CGM will […]
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  • Mergers and acquisitions

    News » DSV makes an offer for Panalpina

    January 22nd 2019 DSV has confirmed it has made an indicative and private proposal to acquire fellow international transport and logistics provider, Panalpina. The Danish logistics giant is bidding just over $4 billion for Panalpina. The move was confirmed by the Danish company after Swiss-based Panalpina revealed its directors had received an unsolicited proposal from DSV. Panalpina’s directors […]
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  • People moves

    News » Gianclaudio Neri new MD of Ceva in Italy

    January 8th 2019 Gianclaudio Neri has been appointed managing director of Ceva Logistics business in Italy, succeeding Christophe Poitrineau, who is leaving the logistics provider to pursue other career opportunities. According to Ceva, Neri brings more than 30 years’ experience in senior roles across businesses in Italy to his new role, with a particular emphasis on turning around […]
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  • Road transport

    News » Ceva trials truck route from China to Europe

    December 4th 2018 Ceva Logistics has sent what it says is the first-ever TIR truck from Khorgos, in the far west of China, to Europe via Kazakhstan. “The trial proves that the TIR carnet issued in China is accepted in the transit countries en route to Europe,” said Torben Bengtsson, executive vice-president of Ceva Logistics Greater China. Though automotive parts […]
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  • Mergers and acquisitions

    News » Ceva strengthens partnership with CMA CGM

    October 30th 2018 Logistics provider Ceva is to take over the freight management business of its major shareholder and strategic partner, the CMA CGM shipping line. The agreement, part of a wider shake up in the relationship between the companies, comes days after Ceva rejected a takeover bid from Danish rival DSV, which has since withdrawn its offer, […]
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  • Mergers and acquisitions

    News » Ceva rejects DSV bid and lifts CMA CGM share limit

    October 17th 2018 Ceva Logistics has rejected a takeover bid from Danish rival DSV and lifted a shareholding limit applying to CMA CGM, allowing the French-owned global container logistics giant to potentially increase its share capital in the company. DSV made an offer to buy Ceva for CHF27.75 ($28) per share earlier this month in a move that was rejected […]
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  • Market trends

    News » Mexico hopes for a smoother road ahead

    September 26th 2018 After much uncertainty around trade talks between Mexico and the US and the former’s presidential election, Mexico’s economic and political conditions now seem clearer, leaving OEMs and LSPs in the country more optimistic about the future. Mexico, which is the world’s fourth biggest vehicle exporter, has enjoyed strong levels of exports in recent years, especially […]
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  • Mergers and acquisitions

    News » Prologis buys DCT Industrial

    May 2nd 2018 Prologis is buying rival US-based logistics real estate developer DCT Industrial for $8.4 billion. The acquisition gives Prologis more than 65 hectares of additional industrial project space and almost 80 hectares of land in pre-development, predominantly in Seattle, Atlanta, South Florida and Southern California. “For some time, we have considered DCT’s realigned portfolio to be […]
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  • Mergers and acquisitions

    News » CMA CGM to take 25% stake in Ceva Logistics

    April 25th 2018 International container shipping company CMA CGM has agreed to acquire a 25% share of third-party logistics provider Ceva Logistics, estimated to be worth up to 450m Swiss francs ($458m), in convertible bonds. The deal remains subject to regulatory approval, at which point the bonds can be converted into shares. The deal is also subject to […]
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